Perimeter Solutions (NYSE: PRM) CEO reports new performance option vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perimeter Solutions, Inc. director and Chief Executive Officer Haitham Khouri reported the vesting of previously granted stock options tied to 2025 performance. Three tranches of options to purchase common stock became vested awards: 88,489 shares from a February 12, 2025 grant for 500,000 shares where performance criteria were partially met, 100,000 shares from a February 14, 2024 grant for 500,000 shares where performance criteria were met, and 400,000 shares from a March 8, 2023 grant for 2,000,000 shares where performance criteria were met. These awards are shown as stock option acquisitions at a price per share of $0.0000, increasing his directly held option positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Khouri Haitham
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 88,489 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 100,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 400,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 88,489 shares (Direct)
Footnotes (1)
- On February 12, 2025, the reporting person was granted an option to purchase 500,000 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 88,489 shares of common stock. On February 14, 2024, the reporting person was granted an option to purchase 500,000 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, 2026, 2026, 2027 and 2028. The performance criteria for 2025 were met, resulting in the vesting of the option as to 100,000 shares of common stock. On March 8, 2023, the reporting person was granted an option to purchase 2,000,000 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 400,000 shares of common stock.
FAQ
What did PRM CEO Haitham Khouri report in this Form 4 filing?
Haitham Khouri reported vesting of previously granted stock options tied to 2025 performance. Three tranches vested: 88,489, 100,000, and 400,000 option shares, all shown as acquisitions at $0.0000 per share, increasing his directly held option positions in Perimeter Solutions.
How many Perimeter Solutions stock options vested for the CEO based on 2025 performance?
Three groups of options vested based on 2025 performance: 88,489 shares from a 2025 grant, 100,000 shares from a 2024 grant, and 400,000 shares from a 2023 grant. Each tranche reflects performance criteria being met or partially met for the 2025 fiscal year.
What performance-based stock option grants does PRM’s CEO hold according to this Form 4?
The CEO holds performance-based options from three grants: 500,000 shares granted on February 12, 2025, 500,000 shares granted on February 14, 2024, and 2,000,000 shares granted on March 8, 2023. Each grant vests in five equal annual installments if specified performance criteria are satisfied.
How are the PRM CEO’s performance option grants structured over time?
Each option grant vests in five equal annual installments, contingent on meeting performance criteria for specific fiscal years. The grants cover fiscal years ending December 31 from 2023 through 2029, and vesting occurs only where the issuer’s stated performance criteria for a given year are satisfied.
What are the post-transaction stock option holdings reported for PRM’s CEO?
After these vesting events, one transaction shows 88,489 options held, another shows 200,000 options following that vesting, and another lists 1,200,000 options following its vesting. These figures reflect directly owned stock options to purchase Perimeter Solutions common stock.