Orion Energy Systems (OESX) grants options and restricted stock to President and COO
Rhea-AI Filing Summary
ORION ENERGY SYSTEMS, INC. reported that President and COO Scott A. Green received equity awards on August 11, 2026. He was granted 17,500 stock options to buy common stock at an exercise price of $19.75 per share, expiring on August 11, 2036, which become exercisable in three equal increments only if specified stock price performance hurdles of $30.00, $40.00 and $50.00 are achieved while he remains employed. He also received 9,000 shares of restricted stock, vesting in three equal installments on August 11, 2027, 2028 and 2029, and his directly held common stock position after the grant is 129,678 shares. A prior option grant remains outstanding, giving rights over 12,500 underlying shares at an exercise price of $6.00 per share, adjusted for a prior 1-for-10 reverse stock split.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 9,000 shares
Net Buy
3 txns
Insider
Green Scott A.
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) F3 | 17,500 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 9,000 | $0.00 | $0.00 |
| holding | Stock Options (right to buy) F4, F5 | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 30,000 shares (Direct);
Common Stock — 129,678 shares (Direct)
Footnotes (5)
- F1. Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. The restricted stock vests and becomes exercisable with respect to 1/3 of the restricted stock on each of August 11, 2027, 2028 and 2029, respectively.
- F2. On August 22, 2025, the issuer effected a 1-for-10 reverse stock split of the issued and outstanding shares of its common stock. Upon effectiveness of the reverse stock split, every 10 shares of common stock was automatically converted into one share of common stock, resulting in the reporting person's beneficial ownership of 1,235,036 less shares of common stock held directly. Additionally, the amount of common stock beneficially owned by the reporting person, on a post reverse stock split basis, has been adjusted to reflect the forfeiture of 16,548 performance shares for which performance conditions were not met.
- F3. Option to buy shares of common stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. This option was granted August 11, 2026 and becomes exercisable, if at all, in three equal increments if the average closing sale price of Orion Energy Systems, Inc.'s common stock, for five consecutive trading days during the three calendar years immediately following the date of the grant, equals or exceeds $30.00, $40.00 and $50.00, respectively, provided Mr. Green remains in Orion Energy Systems, Inc.'s employment until the applicable vesting date.
- F4. Option to buy shares of common stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. This option was granted July 18, 2025 and becomes exercisable, if at all, in three equal increments if the average closing sale price of Orion Energy Systems, Inc.'s common stock, for five consecutive trading days during the three calendar years immediately following the date of the grant, equals or exceeds $30.00, $40.00 and $50.00, respectively, provided Mr. Brodin remains in Orion Energy Systems, Inc.'s employment until the applicable vesting date.
- F5. On August 22, 2025, the issuer effected a 1-for-10 reverse stock split of the issued and outstanding shares of its common stock. Upon effectiveness of the reverse stock split, every 10 shares of common stock was automatically converted into one share of common stock, and the number of shares subject to the reporting person's option was divided by 10, such that the option is exercisable for 112,500 less shares of common stock. Additionally, proportionate equitable adjustments were made to the exercise price of the option and the vesting requirements for the performance-vesting portion of the option.
Key Figures
New stock options granted: 17,500 options
New option exercise price: $19.75 per share
New option expiration: August 11, 2036
+5 more
8 metrics
New stock options granted
17,500 options
Stock options granted to Scott A. Green on August 11, 2026
New option exercise price
$19.75 per share
Exercise price of 17,500 stock options granted August 11, 2026
New option expiration
August 11, 2036
Expiration date of 17,500 stock options
Restricted stock granted
9,000 shares
Restricted common stock granted August 11, 2026
Direct common shares after grant
129,678 shares
Scott A. Green’s direct common stock holdings following restricted stock grant
Prior option exercise price
$6.00 per share
Exercise price of earlier option grant after reverse split adjustment
Prior option underlying shares
12,500 shares
Underlying common shares for earlier option grant
Reverse stock split ratio
1-for-10
Reverse stock split of common stock effective August 22, 2025
Key Terms
Restricted stock, 1-for-10 reverse stock split, 2016 Omnibus Incentive Plan, performance-vesting portion
4 terms
Restricted stock financial
"Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
1-for-10 reverse stock split financial
"On August 22, 2025, the issuer effected a 1-for-10 reverse stock split of the issued and outstanding shares."
2016 Omnibus Incentive Plan financial
"Granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan."
performance-vesting portion financial
"Proportionate equitable adjustments were made to the exercise price of the option and the vesting requirements for the performance-vesting portion of the option."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did OESX executive Scott A. Green receive on August 11, 2026?
Scott A. Green received 17,500 stock options at a $19.75 exercise price and 9,000 restricted shares of Orion Energy Systems common stock, all granted under the 2016 Omnibus Incentive Plan with multi-year vesting and performance conditions.
How do the new stock options for OESX’s Scott A. Green vest and become exercisable?
The 17,500 stock options for Scott A. Green vest in three equal increments only if Orion’s average closing stock price for five consecutive trading days reaches $30.00, $40.00 and $50.00 within three years from grant and he remains employed.
Were the OESX equity grants to Scott A. Green made under a specific incentive plan?
Yes. Both the 17,500 stock options and the 9,000 restricted shares were granted to Scott A. Green under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan, which governs the terms, vesting and performance conditions of these awards.