PHOTRONICS CFO exercises options, sells 1,000 shares
PHOTRONICS INC President and CFO Eric Rivera exercised stock options and sold shares in a routine transaction.
Rhea-AI Filing Summary
PHOTRONICS INC President and CFO Eric Rivera exercised stock options and sold shares in a routine transaction. On April 13, he exercised 1,000 PHOTRONICS stock options at $9.78 per share, receiving 1,000 shares of common stock. That same day, he sold 1,000 shares of common stock at $44.77 per share. After these transactions, he directly holds 136,173 shares of PHOTRONICS INC common stock. The exercised options were part of a grant that vested in four equal annual installments beginning January 2, 2019, and no related derivative position remains from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Rivera Eric
Role
President, CFO
Sold
1,000 shs ($45K)
Approx. gross sale proceeds
$45K
Approx. exercise cost
$10K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | PHOTRONICS STOCK OPTIONS | 1,000 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 1,000 | $9.78 | $10K |
| Sale | COMMON STOCK | 1,000 | $44.77 | $45K |
Holdings After Transaction:
PHOTRONICS STOCK OPTIONS — 0 contracts (Direct);
COMMON STOCK — 136,173 shares (Direct)
Footnotes (1)
- F1. The reported options vested in four equal annual installments, with 25% vested on each of the first four anniversaries of the grant date, January 2nd, 2019.
Key Figures
Options exercised: 1,000 options
Exercise price: $9.78 per share
Shares sold: 1,000 shares
+5 more
8 metrics
Options exercised
1,000 options
PHOTRONICS stock options exercised on April 13
Exercise price
$9.78 per share
Exercise or conversion price for 1,000 options
Shares sold
1,000 shares
Common stock sold in open-market transaction on April 13
Sale price
$44.77 per share
Price for open-market sale of 1,000 common shares
Shares held after
136,173 shares
Direct PHOTRONICS INC common stock holdings after transactions
Net buy/sell shares
-1,000 shares
Net-sell direction from transaction summary
Option expiration
January 2, 2029
Original expiration date for exercised stock options
Vesting schedule
25% annually over 4 years
Options vested each year from January 2, 2019 grant date
Key Terms
Exercise or conversion of derivative security, open-market sale, PHOTRONICS STOCK OPTIONS, vesting
4 terms
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
PHOTRONICS STOCK OPTIONS financial
"security_title: PHOTRONICS STOCK OPTIONS"
vesting financial
"options vested in four equal annual installments, with 25% vested"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PHOTRONICS (PLAB) executive Eric Rivera report in this Form 4?
Eric Rivera reported exercising 1,000 stock options at $9.78 and selling 1,000 shares of PHOTRONICS INC common stock at $44.77. These actions reflect an option exercise followed by an open-market sale on the same day.
What type of insider transactions did PHOTRONICS (PLAB) report for Eric Rivera?
The filing shows a derivative exercise of 1,000 PHOTRONICS stock options, converting them into common shares, and an open-market sale of 1,000 common shares. Both transactions occurred on April 13 and were reported under codes M and S.
Were Eric Rivera’s PHOTRONICS (PLAB) stock options fully vested before exercise?
Yes. A footnote explains the reported options vested in four equal annual installments, with 25% vesting on each anniversary of the January 2, 2019 grant date. By April 13, the options used in this exercise were fully vested.
Does Eric Rivera still hold PHOTRONICS (PLAB) stock options from this grant after the Form 4 transactions?
No. The filing shows 1,000 options exercised and zero shares remaining under this option position. The derivative summary is empty for this grant, indicating that particular stock option award has been fully exercised.
AI-generated analysis. How Rhea-AI works. Not financial advice.
