Orion Energy Systems (OESX) CFO awarded restricted stock and performance options
Rhea-AI Filing Summary
Orion Energy Systems EVP, CFO, CAO & Treasurer J. Per Brodin reported equity compensation changes. He received a grant of 9,000 shares of restricted common stock, vesting in three equal installments on August 11 of 2027, 2028 and 2029, and stock options for 17,500 shares at an exercise price of $19.75 per share expiring August 11, 2036. The new options vest in three equal increments only if the average closing sale price of the common stock meets $30.00, $40.00 and $50.00 hurdles for five consecutive trading days within three calendar years after the grant, and if he remains employed through each vesting date. Common stock holdings after these grants total 85,263 shares, reflecting the forfeiture of 16,548 performance shares whose performance conditions were not met. Brodin also continues to hold a prior option, granted July 18, 2025, covering an underlying 12,500 shares at an exercise price of $6.00, with similar stock-price and service-based vesting conditions and an expiration date of July 17, 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,000 shares
Net Buy
3 txns
Insider
BRODIN J PER
Role
EVP, CFO, CAO & Treasurer
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 30,000 shares (Direct);
Common Stock — 85,263 shares (Direct)
Footnotes (4)
- 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. The amount of common stock beneficially owned by reporting person 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. Brodin 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.
Key Figures
Restricted stock granted: 9,000 shares
New option grant size: 17,500 shares
New option exercise price: $19.75 per share
+5 more
8 metrics
Restricted stock granted
9,000 shares
Restricted common stock granted August 11, 2026, vesting in three annual installments
New option grant size
17,500 shares
Stock options (right to buy) granted August 11, 2026, under 2016 Omnibus Incentive Plan
New option exercise price
$19.75 per share
Exercise price for 17,500-share option expiring August 11, 2036
Common stock holdings after grants
85,263 shares
Common stock beneficially owned by Brodin following the August 11, 2026 transactions
Performance shares forfeited
16,548 shares
Performance shares forfeited because performance conditions were not met
Existing option exercise price
$6.00 per share
Exercise price of prior option granted July 18, 2025, expiring July 17, 2035
Prior option underlying shares
12,500 shares
Underlying common stock for earlier option position held by Brodin
Stock-price vesting hurdles
$30.00, $40.00, $50.00
Average closing sale price targets for three equal vesting increments of options
Key Terms
Restricted stock, performance shares, 2016 Omnibus Incentive Plan, average closing sale price, +1 more
5 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.
2016 Omnibus Incentive Plan financial
"granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan."
average closing sale price financial
"if the average closing sale price of Orion Energy Systems, Inc.'s common stock, for five consecutive trading days"
beneficially owned financial
"The amount of common stock beneficially owned by reporting person has been adjusted"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What new equity awards did OESX executive J. Per Brodin receive on August 11, 2026?
On August 11, 2026, J. Per Brodin received 9,000 restricted shares of Orion Energy Systems common stock and stock options for 17,500 shares with a $19.75 exercise price, both granted under the company’s 2016 Omnibus Incentive Plan.
How do the new OESX restricted stock awards to Brodin vest?
The 9,000 restricted shares granted to J. Per Brodin vest in three equal installments. One‑third vests on each of August 11, 2027, 2028 and 2029, assuming continued employment through the applicable vesting date.
What performance conditions apply to J. Per Brodin’s new stock options at Orion Energy Systems (OESX)?
The 17,500-share option at $19.75 per share vests in three equal increments only if Orion’s average closing sale price meets $30.00, $40.00 and $50.00 hurdles for five consecutive trading days within three calendar years, with continued employment required.
What existing stock option position does Brodin still hold in OESX besides the new grant?
In addition to the new option, Brodin continues to hold an earlier option granted July 18, 2025 linked to 12,500 underlying shares at an exercise price of $6.00, expiring July 17, 2035, with similar stock‑price and service-based vesting conditions.