Navigator Holdings (NVGS) CCO exercises 46,308 options and uses 31,562 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navigator Holdings Ltd. Chief Commercial Officer Øyvind Lindeman exercised employee share options to acquire 46,308 shares of common stock at an exercise price of $14.79 per share. To cover tax obligations, 31,562 shares were disposed of in a tax-withholding transaction at $22.54 per share, leaving 14,746 common shares held directly. The exercise price was adjusted from $15.45 to $14.79 under the company’s equity compensation plan to reflect dividends paid.
Positive
- None.
Negative
- None.
Insider Trade Summary
46,308 shares exercised/converted
Mixed
3 txns
Insider
Lindeman Oeyvind
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Share Option (right to buy) | 46,308 | $0.00 | -- |
| Exercise | Common Stock | 46,308 | $14.79 | $685K |
| Tax Withholding | Common Stock | 31,562 | $22.54 | $711K |
Holdings After Transaction:
Employee Share Option (right to buy) — 0 shares (Direct, null);
Common Stock — 46,308 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options exercised: 46,308 shares
Exercise price: $14.79 per share
Tax-withholding shares: 31,562 shares
+3 more
6 metrics
Options exercised
46,308 shares
Employee share options for common stock exercised on June 18, 2026
Exercise price
$14.79 per share
Adjusted option exercise price under equity compensation plan
Tax-withholding shares
31,562 shares
Common shares disposed of for tax withholding at $22.54 per share
Tax-withholding price
$22.54 per share
Value used for tax-withholding disposition of common shares
Post-transaction holdings
14,746 shares
Direct common shares held after tax-withholding transaction
Original exercise price
$15.45 per share
Pre-adjustment exercise price before dividend-related adjustment
Key Terms
tax-withholding disposition, Exercise or conversion of derivative security, Employee Share Option (right to buy), equity compensation plan, +1 more
5 terms
tax-withholding disposition financial
"31,562 shares were disposed of in a tax-withholding transaction at $22.54 per share"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
equity compensation plan financial
"In accordance with the terms of the Issuer's equity compensation plan, the exercise price was adjusted"
A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.
derivative security financial
"transaction_type: derivative, transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did NVGS Chief Commercial Officer Øyvind Lindeman report?
Øyvind Lindeman reported exercising employee share options for 46,308 Navigator Holdings common shares at $14.79 per share. As part of this event, a portion of shares was simultaneously disposed of to satisfy related tax obligations under the company’s equity compensation plan.
Were any stock options remaining for Øyvind Lindeman after these NVGS transactions?
For the specific employee share option grant covering 46,308 underlying shares, the remaining derivative position is reported as zero. This indicates that particular option position was fully exercised, with none of those options left outstanding after the June 18, 2026 transaction.