TAT Technologies manager sells 5,000 shares after option exercise
TAT Technologies executive Paul Maness reported a same-day option exercise and sale involving 5,000 Ordinary Shares.
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Rhea-AI Filing Summary
TAT Technologies executive Paul Maness reported a same-day option exercise and sale involving 5,000 Ordinary Shares. He exercised 5,000 fully vested stock options at an exercise price of $14.16 per share and immediately sold all 5,000 shares at $45.41 per share in an open-market transaction.
The filing notes Maness did not retain any shares from this transaction, generating approximate gross proceeds of $156,272 before taxes and commissions. Following these trades, he holds 17,500 unvested stock options that are scheduled to vest in 2,500-share quarterly installments from September 5, 2026 through March 5, 2028, contingent on continued employment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 5,000 | $45.41 | $227K |
| Exercise | Ordinary Shares | 5,000 | $14.16 | $71K |
| Sale | Ordinary Shares | 5,000 | $45.41 | $227K |
Footnotes (3)
- F1. Transaction Code 'M' - Exercise of stock options. The reporting person exercised 5,000 fully vested stock options at the exercise (strike) price of $14.16 per share as part of a same-day exercise-and-sale transaction. The shares were simultaneously sold and were not retained by the reporting person.
- F2. Transaction Code 'S' - Open-market sale. Pursuant to a same-day exercise-and-sale transaction, all 5,000 Ordinary Shares acquired upon exercise of the options referenced in footnote 1 were immediately sold at a price of $45.41 per share. The reporting person did not retain any shares from this transaction. Net proceeds to the reporting person (before taxes and commissions) were approximately $156,272 representing the spread between the sale price ($45.41) and the exercise price ($14.16) on 5,000 shares.
- F3. Following these transactions, the reporting person holds 17,500 unvested options which vest in installments of 2,500 quarterly on September 5, 2026 until March 5, 2028, subject to the Reporting Person's continued employment with the Issuer through each such vesting date.
Key Figures
Key Terms
same-day exercise-and-sale transaction financial
stock options financial
open-market sale financial
unvested options financial
exercise (strike) price financial
FAQ
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What did TAT Technologies (TATT) executive Paul Maness report in this Form 4?
What was the exercise price of the TAT Technologies (TATT) options used by Paul Maness?
How much were the approximate gross proceeds from Paul Maness’s TAT Technologies (TATT) sale?
What TAT Technologies (TATT) equity does Paul Maness still hold after this Form 4 activity?
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