Perimeter Solutions (NYSE: PRM) director granted 555,859 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perimeter Solutions director Raj Vivek received a large stock award from the company. On the reported date, he acquired 555,859 shares of Perimeter Solutions, Inc. common stock at a stated price of $0.00 per share through a grant or award transaction exempt under Rule 16b-3(d), based on his membership interests in EverArc Founders, LLC.
After this award, his directly reported holdings increased to 677,560 common shares, reflecting the size of the equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Raj Vivek
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 555,859 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 677,560 shares (Direct)
Footnotes (1)
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FAQ
What does the Perimeter Solutions (PRM) Form 4 filed for Raj Vivek show?
The Form 4 shows director Raj Vivek acquired 555,859 shares of Perimeter Solutions common stock. The shares were received as an exempt grant from the issuer under Rule 16b-3(d), rather than through an open-market purchase, increasing his reported direct holdings.
What is Raj Vivek’s Perimeter Solutions (PRM) ownership after this Form 4 transaction?
Following the reported award, Raj Vivek’s directly reported holdings total 677,560 shares of Perimeter Solutions common stock. This figure includes the newly granted 555,859 shares and represents his direct ownership position after the exempt acquisition described in the filing.
Why is the Perimeter Solutions (PRM) grant to Raj Vivek described as exempt?
The acquisition is described as exempt because it is from the issuer under Rule 16b-3(d). The footnote explains the award is based on Vivek’s membership interests in EverArc Founders, LLC, qualifying it as an exempt insider transaction rather than a standard market trade.
Is the Raj Vivek Perimeter Solutions (PRM) Form 4 transaction a market buy or a stock award?
The transaction is a stock award, not a market buy. It is coded as an “A” (grant, award, or other acquisition) of 555,859 shares at $0.00, classified as an exempt acquisition from the issuer under Rule 16b-3(d) tied to EverArc Founders, LLC membership interests.