Radware (RDWR) CEO Roy Zisapel receives large PSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RADWARE LTD President & CEO Roy Zisapel received new equity awards consisting of ordinary shares and stock options. He was granted 201,314 performance-based restricted share units, each representing one ordinary share, increasing his direct holdings to 2,392,275 ordinary shares after the grant.
The PSUs vest in three equal installments no earlier than May 31, 2027, January 1, 2028 and January 1, 2029, subject to achieving specified average closing share price targets over 30 consecutive trading days through December 31, 2028. He also received stock options for 250,946 shares at an exercise price of $29.53, expiring on July 25, 2031.
The options vest in tranches of 81,241, 83,564 and 86,141 options on the same schedule, each tranche subject to the same performance-based vesting criteria as the PSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Zisapel Roy
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock options | 250,946 | $0.00 | -- |
| Grant/Award | Ordinary shares | 201,314 | $0.00 | -- |
Holdings After Transaction:
Stock options — 250,946 shares (Direct, null);
Ordinary shares — 2,392,275 shares (Direct, null)
Footnotes (1)
- Represents an award of performance-based restricted share units ("PSUs") that will vest in three equal installments no earlier than May 31, 2027, January 1, 2028 and January 1, 2029, subject to achievement of certain average closing share price targets for 30 consecutive trading days from the grant date through December 31, 2028 (the "Vesting Criteria"). Each PSU represents a contingent right to receive one Ordinary Share of the Issuer upon settlement These stock options will vest as follows: 81,241 options will vest no earlier than May 31, 2027, 83,564 options will vest no earlier than January 1, 2028 and 86,141 options will vest on January 1, 2029, subject in each case to the Vesting Criteria.
Key Figures
PSUs granted: 201,314 units
Ordinary shares after grant: 2,392,275 shares
Stock options granted: 250,946 options
+4 more
7 metrics
PSUs granted
201,314 units
Performance-based restricted share units granted May 25, 2026
Ordinary shares after grant
2,392,275 shares
Direct ordinary share holdings following PSU grant
Stock options granted
250,946 options
New option award linked to ordinary shares
Option exercise price
$29.53 per share
Conversion or exercise price for new stock options
Option expiration
July 25, 2031
Expiration date of newly granted stock options
First vesting date
May 31, 2027
Earliest vesting date for PSUs and option tranche
Performance period end
December 31, 2028
Last date to meet share price Vesting Criteria
Key Terms
performance-based restricted share units, PSUs, Vesting Criteria, stock options, +1 more
5 terms
PSUs financial
"Each PSU represents a contingent right to receive one Ordinary Share of the Issuer upon settlement"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
Vesting Criteria financial
"subject to achievement of certain average closing share price targets ... (the "Vesting Criteria")"
stock options financial
"These stock options will vest as follows: 81,241 options will vest no earlier than May 31, 2027"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"conversion or exercise price: "29.5300""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What equity awards did RADWARE (RDWR) CEO Roy Zisapel receive in this Form 4?
Roy Zisapel received 201,314 performance-based restricted share units and 250,946 stock options. Each PSU equals one ordinary share, while the options have a $29.53 exercise price and expire on July 25, 2031, enhancing his long-term equity-based compensation.
How and when do Roy Zisapel’s new RADWARE (RDWR) PSUs vest?
The 201,314 PSUs vest in three equal installments in 2027, 2028 and 2029. Vesting occurs no earlier than May 31, 2027, January 1, 2028 and January 1, 2029, and depends on achieving specified average closing share price targets over 30 consecutive trading days.
What are the vesting terms for Roy Zisapel’s new RADWARE (RDWR) stock options?
The 250,946 stock options vest in three tranches of 81,241, 83,564 and 86,141 options. These tranches vest no earlier than May 31, 2027, January 1, 2028 and January 1, 2029, respectively, and are subject to the same performance-based vesting criteria as the PSUs.
What is the exercise price and expiration date of Roy Zisapel’s new RADWARE (RDWR) options?
The stock options granted to Roy Zisapel carry a conversion or exercise price of $29.53 per share. They are scheduled to expire on July 25, 2031, providing a multi-year window during which the options can be exercised if vesting conditions are met.
Are Roy Zisapel’s RADWARE (RDWR) equity awards performance-based?
Yes, both the PSUs and the related stock option tranches are performance-based. Vesting depends on achieving specified average closing share price targets for 30 consecutive trading days between the grant date and December 31, 2028, linking potential value to share price performance.