Performance-based options vest for Perimeter (NYSE: PRM) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perimeter Solutions, Inc. director Cool Tracy Britt reported the acquisition of stock options to buy common shares after 2025 performance goals were met. On February 26, 2026, multiple option tranches vested at a price of $0.00 per share.
The activity reflects performance-based vesting from prior grants: 6,194 options tied to a February 12, 2025 grant, three 7,000-option tranches from grants dated February 14, 2024, February 15, 2023 and January 28, 2022, and 1,750 options from a December 7, 2021 grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Cool Tracy Britt
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 did Perimeter Solutions (PRM) disclose in Tracy Britt Cool's latest Form 4?
Perimeter Solutions reported that director Cool Tracy Britt acquired several tranches of stock options on February 26, 2026. These options vested at a grant price of $0.00 per share after the company met specified 2025 performance criteria tied to earlier multi-year option awards.
How many Perimeter Solutions (PRM) options vested from the 2025 grant for Tracy Britt Cool?
From the February 12, 2025 grant, 6,194 stock options vested for director Cool Tracy Britt. This vesting occurred because Perimeter Solutions partially met the 2025 performance criteria applicable to a 35,000-share option originally granted on that date.
Which prior Perimeter Solutions (PRM) grants vested for Tracy Britt Cool in 2025?
Options from grants dated February 14, 2024, February 15, 2023, January 28, 2022 and December 7, 2021 vested in 2025. These included three separate 7,000-share tranches and one 1,750-share tranche, each tied to the company satisfying performance targets for the fiscal year ended December 31, 2025.
Are Tracy Britt Cool's Perimeter Solutions (PRM) option awards performance-based?
Yes. Each disclosed option grant vests in five equal annual installments based on Perimeter Solutions meeting performance criteria for fiscal years ending 2022 through 2029. The 2025 vesting amounts reflect that the company met, or partially met, the specific performance goals for that fiscal year.
Did Tracy Britt Cool buy or sell Perimeter Solutions (PRM) common stock in this Form 4?
No open-market stock purchases or sales were reported. The Form 4 shows acquisitions of stock options, not common shares, through performance-based vesting of previously granted awards that became exercisable after Perimeter Solutions achieved specified 2025 performance thresholds.