RadNet CEO exercises options for 25,992 shares
RadNet, Inc. President and CEO Howard G. Berger exercised stock options to acquire 25,992 shares of common stock at $18.64 per share.
Rhea-AI Filing Summary
RadNet, Inc. President and CEO Howard G. Berger exercised stock options to acquire 25,992 shares of common stock at $18.64 per share. Following this transaction, he directly owns 498,405 common shares. An additional 20,000 shares are reported as indirectly owned through his spouse.
The exercised options relate to a previously granted award of 77,976 shares issued in connection with retention of employment. That award was subject to performance- and time-based vesting, with the performance condition for fiscal 2023 satisfied and the time-based vesting scheduled in three equal annual installments on March 10, 2025, 2026, and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,992 shares exercised/converted
Exercise
3 txns
Insider
Berger Howard G
Role
President, CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 25,992 | $0.00 | $0.00 |
| Exercise | Common Stock | 25,992 | $18.64 | $484K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 25,992 contracts (Direct);
Common Stock — 498,405 shares (Direct);
Common Stock — 20,000 shares (Indirect, By Spouse)
Footnotes (1)
- F1. Issued in connection with retention of employment. 77,976 shares of common stock of the Issuer were granted on January 3, 2023, subject to performance and time-based vesting and as reported on the reporting person's Form 4 filed with the SEC on March 4, 2024. As a result of the Issuer's performance for fiscal year 2023, 100% of the shares subject to the option vested as to the performance-based vesting requirements and, subject to the reporting person's continued service, such performance vested option shares vest as to the time-based vesting requirements in three equal annual installments on March 10, 2025, March 10, 2026, and March 10, 2027, respectively.
Key Figures
Options exercised: 25,992 shares
Exercise price: $18.64 per share
Direct holdings after transaction: 498,405 shares
+3 more
6 metrics
Options exercised
25,992 shares
Common stock acquired via option exercise
Exercise price
$18.64 per share
Stock option strike price
Direct holdings after transaction
498,405 shares
Common stock directly owned by CEO
Indirect spouse holdings
20,000 shares
Common stock held by spouse, indirect ownership
Original option grant size
77,976 shares
Award issued in connection with retention of employment
Vesting installments
3 equal installments
Time-based vesting on March 10, 2025, 2026, 2027
Key Terms
Stock Option (right to buy), performance and time-based vesting, indirect ownership, Form 4, +2 more
6 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
performance and time-based vesting financial
"subject to performance and time-based vesting and as reported"
indirect ownership financial
"direct_or_indirect: "I", nature_of_ownership: "By Spouse""
Form 4 regulatory
"reported on the reporting person's Form 4 filed with the SEC"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
performance-based vesting requirements financial
"100% of the shares subject to the option vested as to the performance-based vesting requirements"
time-based vesting requirements financial
"such performance vested option shares vest as to the time-based vesting requirements in three equal annual installments"
Time-based vesting requirements are rules that grant an employee the right to stock, options or other equity only after they work for the company for a set period or reach specific time checkpoints, like earning a reward after paying installments. For investors this matters because it spreads out when new shares can be claimed and sold, affecting future dilution, employee retention, and the timing of potential selling pressure on the stock.
FAQ
What did RadNet (RDNT) CEO Howard Berger report in this Form 4?
Howard G. Berger reported exercising stock options to acquire 25,992 RadNet common shares at $18.64 each, bringing his direct holdings to 498,405 shares, plus 20,000 shares reported as indirectly owned through his spouse.
What was the exercise price of the RadNet (RDNT) stock options?
The exercised RadNet stock options had an exercise price of $18.64 per share. Berger used these options to acquire 25,992 common shares, converting part of his compensation-related award into directly held stock in the company.
What is the size and structure of the CEO’s RadNet (RDNT) option grant?
The filing references a 77,976-share option grant issued in connection with retention of employment. It is subject to performance- and time-based vesting, with time-based vesting in three equal annual installments in 2025, 2026, and 2027.
How are performance and time-based vesting described for RadNet (RDNT) CEO options?
The company states the CEO’s 77,976-share option grant had performance and time-based vesting. For fiscal 2023, 100% of the performance-based condition vested, while time-based vesting continues in three equal annual installments on March 10, 2025, 2026, and 2027.
What indirect RadNet (RDNT) holdings are reported for the CEO?
The Form 4 lists 20,000 RadNet common shares as indirectly owned by Howard G. Berger through his spouse. This entry is categorized as indirect ownership and is separate from his 498,405 directly held common shares after the option exercise.
AI-generated analysis. How Rhea-AI works. Not financial advice.
