Perimeter (NYSE: PRM) CFO gains options as 2025 goals met
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perimeter Solutions Chief Financial Officer Kyle Sable reported acquiring vested stock options on three prior equity awards after 2025 performance goals were met. Options originally granted in 2024, 2023, and 2022 vested for 50,000, 20,000, and 100,000 shares of common stock, respectively, all held as direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sable Kyle
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 50,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 20,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 100,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 100,000 shares (Direct)
Footnotes (1)
- On September 27, 2024, the reporting person was granted an option to purchase 250,000 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 50,000 shares of common stock. On November 16, 2023, the reporting person was granted an option to purchase 100,000 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 20,000 shares of common stock. On May 6, 2022, 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, 2022, 2023, 2024, 2025 and 2026. The performance criteria for 2025 were met, resulting in the vesting of the option as to 100,000 shares of common stock.
FAQ
What does the latest Form 4 for Perimeter Solutions (PRM) show?
The Form 4 shows CFO Kyle Sable acquiring vested stock options tied to prior grants. Awards from 2022, 2023, and 2024 vested in 2025 after Perimeter Solutions met specified performance criteria for that fiscal year.
How many Perimeter Solutions (PRM) options vested for the CFO in this filing?
Three tranches vested: 50,000 shares from a 2024 option grant, 20,000 shares from a 2023 grant, and 100,000 shares from a 2022 grant. Each reflects one-fifth of the original award based on annual performance targets.
What performance conditions triggered vesting of PRM stock options for the CFO?
Vesting was triggered when Perimeter Solutions met specified performance criteria for fiscal year 2025. Each option grant vests in five equal annual installments, with one installment earned for each year the company satisfies the related performance goals.
Are these PRM insider transactions open-market purchases or option vesting?
These transactions are option vestings categorized as grants or awards, not open-market share purchases. The Form 4 records acquisition of stock options with a reported price of $0.00 per share as the performance-based vesting conditions were satisfied.
Who is the insider involved in this Perimeter Solutions (PRM) Form 4?
The insider is Kyle Sable, Chief Financial Officer of Perimeter Solutions. The filing reports direct ownership of stock options that vested under long-term performance-based equity awards granted in 2022, 2023, and 2024.