Origin Materials (ORGN) CFO-COO gains 32,000 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Origin Materials, Inc. reported that CFO and COO Matthew T. Plavan acquired 32,000 shares of common stock as a compensation-related grant tied to performance stock units. The performance condition was deemed 40% achieved on March 4, 2026.
One-third of these 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 grant, Plavan directly holds 1,340,231 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Plavan Matthew T
Role
CFO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,340,231 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 32,000 shares
Total holdings: 1,340,231 shares
Performance achievement: 40%
+4 more
7 metrics
Shares granted
32,000 shares
Performance-based common stock earned March 4, 2026
Total holdings
1,340,231 shares
Direct common stock held after grant
Performance achievement
40%
Performance condition achievement on March 4, 2026
Initial grant date
February 26, 2025
Original performance stock units grant date
First vesting date
March 4, 2026
One-third of units vested
Second vesting date
January 1, 2027
Scheduled vesting of one-third of units
Final vesting date
January 1, 2028
Scheduled vesting of final one-third of units
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"
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
"Reporting Person earned 32,000 shares upon the satisfaction of the performance condition"
vest financial
"One-third of these stock units vested as of March 4, 2026"
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"
FAQ
What insider transaction did Origin Materials (ORGN) report for Matthew T. Plavan?
Origin Materials reported that CFO and COO Matthew T. Plavan received a grant of 32,000 shares of common stock as a compensation-related award. The shares were earned upon partial achievement of performance conditions linked to performance stock units granted earlier.