Origin Materials (ORGN) GC granted 30,000 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Origin Materials, Inc. reported that its General Counsel and Chief Compliance Officer, Joshua C. Lee, acquired 30,000 shares of common stock as a compensation grant. These shares were earned when performance conditions tied to performance stock units granted on February 26, 2025 were deemed 40% achieved on March 4, 2026. One-third of the related stock units vested on March 4, 2026, with additional one-third tranches scheduled to vest on January 1, 2027 and January 1, 2028, subject to his continued service. Following this award, Lee beneficially owns 636,884 shares of Origin Materials common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lee Joshua C.
Role
GC, Chief Compliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 636,884 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 30,000 shares
Award price per share: $0.0000 per share
Performance achievement: 40% achieved
+3 more
6 metrics
Shares granted
30,000 shares
Performance-based stock award to Joshua C. Lee on March 4, 2026
Award price per share
$0.0000 per share
Indicates compensation grant, not market purchase
Performance achievement
40% achieved
Performance condition for PSUs as of March 4, 2026
Vested on March 4, 2026
One-third of units
First tranche of performance stock units vesting
Future vesting dates
January 1, 2027 and January 1, 2028
Remaining two one-third tranches, subject to continued service
Shares owned after grant
636,884 shares
Total Origin Materials common shares held directly by Lee
Key Terms
performance stock units, performance condition, vest, continued service
4 terms
performance stock units financial
"performance condition of certain performance stock units granted to the Reporting Person on February 26, 2025"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
performance condition financial
"The performance conditions were deemed to have been 40% achieved on March 4, 2026"
vest financial
"One-third of these stock units vested as of March 4, 2026, one-third will vest on January 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"one-third will vest on January 1, 2028, subject to the Reporting Person's continued service"