Perimeter Solutions (PRM) executive secures 139,820 performance-vested stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perimeter Solutions, Inc. reported that executive Grant Bowman, President of Specialty Products, acquired additional stock options through performance-based vesting. An option granted on February 14, 2024 vested for 100,000 shares after 2025 performance criteria were met, bringing that award to 200,000 options outstanding. A separate option granted on February 12, 2025 vested for 39,820 shares after 2025 criteria were partially met, leaving 39,820 options outstanding for that award.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bowman Grant
Role
President, Specialty Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 100,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 39,820 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 200,000 shares (Direct)
Footnotes (1)
- 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, 2025, 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 February 12, 2025, the reporting person was granted an option to purchase 225,000 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 39,820 shares of common stock.
FAQ
What insider transaction did Perimeter Solutions (PRM) report for Grant Bowman?
Perimeter Solutions reported that executive Grant Bowman acquired stock options through performance-based vesting. Two previously granted option awards vested in part for 2025 after the company met or partially met specified performance criteria, increasing his directly held option positions.
How many Perimeter Solutions (PRM) options vested for Grant Bowman in 2025?
A total of 139,820 options vested for Grant Bowman tied to 2025 performance. One 2024 grant vested for 100,000 shares, and a 2025 grant vested for 39,820 shares after the company met and partially met its stated performance goals.
What are the details of Grant Bowman’s 2024 option grant at Perimeter Solutions (PRM)?
On February 14, 2024, Bowman was granted an option for 500,000 PRM shares, vesting in five equal annual installments. Vesting depends on performance criteria for fiscal years 2024 through 2028, with the 2025 criteria met for 100,000 shares now vested.
What are the terms of Grant Bowman’s 2025 option grant at Perimeter Solutions (PRM)?
On February 12, 2025, Bowman received an option for 225,000 PRM shares, vesting in five equal annual installments. Vesting is tied to performance criteria for fiscal years 2025 through 2029, with 2025 criteria partially met for 39,820 vested shares.
How did performance criteria affect Perimeter Solutions (PRM) option vesting in 2025?
For a 2024 option grant, 2025 performance criteria were fully met, vesting 100,000 shares. For a 2025 grant, 2025 criteria were only partially met, vesting 39,820 shares. Both outcomes directly determined how many options vested for Grant Bowman.
What is Grant Bowman’s option position in Perimeter Solutions (PRM) after the 2025 vesting?
Following the 2025 vesting events, Bowman holds 200,000 options from the 2024 grant and 39,820 options from the 2025 grant. These figures reflect only the portions reported as outstanding after the most recent vesting transactions.