StandardAero (SARO) awards major option and RSU package to future CEO
Rhea-AI Filing Summary
StandardAero, Inc. disclosed that director Paul McElhinney received a large equity compensation package consisting of stock options and restricted stock units tied to future service as Chief Executive Officer. He was granted employee stock options for 548,245 shares of Common Stock at an exercise price of $27.36 per share, expiring on May 31, 2036. He also received 182,748 restricted stock units, each representing a right to one share of Common Stock. Both the options and RSUs vest in four equal annual installments starting on October 1, 2027, provided his employment as Chief Executive Officer commences on or prior to October 1, 2026, or else the awards are forfeited for no consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 182,748 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) | 548,245 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- F2. The RSUs vest in four equal annual installments starting on October 1, 2027 provided that if the Reporting Person's employment with the Issuer as Chief Executive Officer does not commence on or prior to October 1, 2026, the RSU Award shall be forfeited automatically for no consideration.
- F3. The stock option vests in four equal annual installments starting on October 1, 2027 provided that if the Reporting Person's employment with the Issuer as Chief Executive Officer does not commence on or prior to October 1, 2026, the stock option shall be forfeited automatically for no consideration.
Key Figures
Key Terms
Employee Stock Option financial
Restricted Stock Units financial
Chief Executive Officer financial
contingent right financial
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