TAT Technologies (TATT) executive details 25,000 option stake in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TAT Technologies Ltd executive Paul Maness, TAT Tulsa General Manager, filed an initial ownership report showing existing equity interests. The filing lists stock options covering 25,000 ordinary shares at an exercise price of 14.1600, expiring on March 5, 2031. A footnote explains 40,000 options were originally granted on March 6, 2024, of which 15,000 had already vested, been exercised, and the underlying shares sold before this report. The remaining 25,000 options vest in 2,500-share installments every three months from March 6, 2026 through March 6, 2028, contingent on Maness continuing his employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Maness Paul
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 25,000 shares (Direct);
Ordinary Shares — 0 shares (Direct)
Footnotes (1)
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FAQ
What does Paul Maness report owning in TAT Technologies (TATT) on this Form 3?
Paul Maness reports holding stock options over 25,000 ordinary shares of TAT Technologies. These options have an exercise price of 14.1600 and expire on March 5, 2031, reflecting his current derivative equity position with the company.
What is the vesting schedule for Paul Maness’s TAT Technologies (TATT) options?
The remaining 25,000 options vest in 2,500-share installments every three months. Vesting runs from March 6, 2026 through March 6, 2028, and each installment requires Paul Maness to remain employed with TAT Technologies through the applicable vesting date.
How many TAT Technologies (TATT) options were originally granted to Paul Maness?
Paul Maness was originally granted 40,000 stock options on March 6, 2024. According to the footnote, 15,000 of these options had already vested, been exercised, and the underlying shares sold, leaving 25,000 options reported as still outstanding.
What is the exercise price and expiration date of the TAT Technologies (TATT) options?
The reported stock options carry an exercise price of 14.1600 per underlying ordinary share. They have an expiration date of March 5, 2031, giving a long-dated window during which Paul Maness can choose to exercise the options, subject to vesting.
Does this TAT Technologies (TATT) Form 3 indicate direct or indirect ownership?
The filing shows direct ownership of the stock options by Paul Maness. The ownership code is listed as direct, and there are no footnotes indicating that the options are held through a trust, LLC, or other indirect ownership structure.