Perimeter Solutions (PRM) General Counsel gains 120,000 vested stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perimeter Solutions, Inc. reported that General Counsel Noriko Yokozuka acquired 120,000 stock options through vesting of a previously granted award. These options relate to an option granted on November 8, 2021 to purchase 600,000 shares of common stock, which vests in five equal annual performance-based installments. The company states that its performance criteria for fiscal year 2025 were met, triggering vesting of the option with respect to 120,000 shares. Following this vesting event, Yokozuka now holds 360,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yokozuka Noriko
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 120,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 360,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Perimeter Solutions (PRM) report for Noriko Yokozuka?
Perimeter Solutions reported that General Counsel Noriko Yokozuka acquired 120,000 stock options through vesting. These options are part of a larger 600,000-share option grant awarded in November 2021 and are tied to meeting specific annual performance criteria for the company.
How many Perimeter Solutions (PRM) stock options does Noriko Yokozuka hold after this Form 4?
After this transaction, Noriko Yokozuka directly holds 360,000 stock options in Perimeter Solutions. The latest 120,000 options vested when the company satisfied its 2025 performance criteria, adding to previously vested portions of the original 600,000-share option grant from November 2021.
What triggered the vesting of 120,000 PRM stock options for Noriko Yokozuka?
The vesting was triggered when Perimeter Solutions met its performance criteria for fiscal year 2025. Under the original November 8, 2021 grant, the 600,000-share option vests in five equal annual installments, each dependent on satisfying performance targets for specific fiscal years.
When was the original Perimeter Solutions (PRM) option grant to Noriko Yokozuka made?
The original stock option grant to Noriko Yokozuka was made on November 8, 2021. It covered options to purchase 600,000 shares of common stock, structured to vest in five equal annual installments based on the company meeting defined performance criteria for fiscal years 2022 through 2026.
How is Noriko Yokozuka’s PRM stock option grant structured over time?
The 600,000-share stock option grant is structured to vest in five equal annual installments of 120,000 shares each. Vesting for each tranche depends on Perimeter Solutions meeting specified performance criteria for fiscal years ending December 31, 2022, 2023, 2024, 2025 and 2026.
Does the latest PRM Form 4 involve an open-market stock purchase or sale?
The latest Form 4 does not report an open-market purchase or sale. It reflects the vesting and acquisition of 120,000 stock options from a 2021 performance-based grant, after Perimeter Solutions met its performance criteria for the fiscal year ending December 31, 2025.