Perimeter Solutions (NYSE: PRM) director gains options on 28,944 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Raj Vivek reported acquisition or exercise transactions in this Form 4 filing.
Perimeter Solutions, Inc. director Raj Vivek reported the vesting of multiple performance-based stock options tied to the company’s 2025 fiscal year results. These awards, originally granted between 2021 and 2025, resulted in options on a total of 28,944 shares of common stock becoming exercisable.
The Form 4 shows one 2025 grant vesting as to 6,194 shares after performance criteria were partially met, plus four earlier grants vesting as to 7,000, 7,000, 7,000, and 1,750 shares each as 2025 performance targets were achieved. All options are held directly by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Raj Vivek
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 6,194 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 1,750 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 6,194 shares (Direct)
Footnotes (1)
- On February 12, 2025, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2025, 2026, 2027, 2028 and 2029. The performance criteria for 2025 were partially met, resulting in the vesting of the option as to 6,194 shares of common stock. On February 14, 2024, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2024, 2025, 2026, 2027 and 2028. The performance criteria for 2025 were met, resulting in the vesting of the option as to 7,000 shares of common stock. On February 15, 2023, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2023, 2024, 2025, 2026 and 2027. The performance criteria for 2025 were met, resulting in the vesting of the option as to 7,000 shares of common stock. On January 28, 2022, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2022, 2023, 2024, 2025 and 2026. The performance criteria for 2025 were met, resulting in the vesting of the option as to 7,000 shares of common stock. On December 7, 2021, the reporting person was granted an option to purchase 8,750 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2022, 2023, 2024, 2025 and 2026. The performance criteria for 2025 were met, resulting in the vesting of the option as to 1,750 shares of common stock.
FAQ
What does the latest Form 4 for Perimeter Solutions (PRM) show for Raj Vivek?
The Form 4 shows director Raj Vivek acquired vested stock options tied to 2025 performance. Several prior option grants had portions vest in 2025, reflecting the company’s achievement or partial achievement of specified performance criteria for that fiscal year.
What performance conditions triggered the option vesting reported by Raj Vivek at PRM?
Each option grant vests in five annual installments based on meeting performance criteria for specific fiscal years. For fiscal year 2025, the criteria were fully met for four grants and partially met for one, causing the reported portions of those options to vest.
Were the Perimeter Solutions (PRM) Form 4 transactions a stock purchase or sale by Raj Vivek?
The transactions reflect grant or award acquisitions of vested stock options, not open-market stock purchases or sales. The SEC coding shows these as derivative awards becoming exercisable, with no reported buying or selling of common shares in the market.
Over which years were the stock options granted that vested for Raj Vivek at PRM?
The options were originally granted on December 7, 2021, January 28, 2022, February 15, 2023, February 14, 2024, and February 12, 2025. Each grant was structured to vest in five annual installments tied to specific fiscal-year performance goals.
How is ownership of the vested stock options reported for Raj Vivek in PRM’s Form 4?
The Form 4 lists all vested stock options as held with direct ownership by Raj Vivek. There are no footnotes indicating indirect holding entities, shared voting power, or disclaimers of beneficial ownership for these particular derivative awards.