Mannatech (NASDAQ: MTEX) director awarded 5,000-share stock option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mannatech Inc director Robert Toth received a new stock option grant. He was awarded the right to purchase 5,000 shares of Mannatech common stock at an exercise price of $5.77 per share, expiring on June 3, 2036.
According to the vesting terms, one-third of the options vest on the grant date, another one-third on the first anniversary, and the final one-third on the second anniversary. After this grant, Toth holds rights to purchase a total of 8,334 shares of Mannatech common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TOTH ROBERT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RIght to Purchase Common Stock | 5,000 | $0.00 | -- |
Holdings After Transaction:
RIght to Purchase Common Stock — 8,334 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 5,000 options
Exercise price: $5.77 per share
Expiration date: June 3, 2036
+2 more
5 metrics
Option grant size
5,000 options
Right to purchase Mannatech common stock granted to director
Exercise price
$5.77 per share
Strike price for newly granted stock options
Expiration date
June 3, 2036
Expiration for director’s stock option grant
Underlying shares
5,000 shares
Common stock underlying the new option grant
Total derivative holdings
8,334 rights
Rights to purchase Mannatech shares after the transaction
Key Terms
Right to Purchase Common Stock, Grant, award, or other acquisition, stock options, vesting
4 terms
Right to Purchase Common Stock financial
"security_title: "RIght to Purchase Common Stock""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
stock options financial
"One-third of the stock options vest on the date of grant"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
vesting financial
"another one-third of the stock options vest on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.