Trio-Tech (TRT) CFO receives 5,000-stock-option grant at $9.74 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRIO-TECH INTERNATIONAL reported a Form 4 for Chief Financial Officer Anitha Srinivasan showing a grant of stock options. She acquired derivative rights to buy 5,000 shares of common stock at an exercise price of $9.74 per share, expiring on July 6, 2031. According to the footnote, 1,250 options vest immediately on the grant date, with the remaining options vesting in three equal annual installments. Following this compensation award, she holds 5,000 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Srinivasan Anitha
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Right to Buy) | 5,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock (Right to Buy) — 5,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 5,000 options
Exercise price: $9.74 per share
Options vesting immediately: 1,250 options
+2 more
5 metrics
Options granted
5,000 options
Stock options linked to common stock granted to CFO
Exercise price
$9.74 per share
Strike price for the granted stock options
Options vesting immediately
1,250 options
Portion of options vesting on the grant date per footnote
Remaining vesting schedule
3 annual installments
Unvested options vest in three equal annual installments
Options expiring
July 6, 2031
Expiration date for exercising the options
Key Terms
stock options, vesting, Common Stock (Right to Buy), Grant, award, or other acquisition, +1 more
5 terms
stock options financial
"1,250 of the stock options vest on the date of the grant"
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.
vesting financial
"1,250 of the stock options vest on the date of the grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Common Stock (Right to Buy) financial
"security_title: Common Stock (Right to Buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
exercise price financial
"conversion_or_exercise_price: 9.7400"
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 did TRT CFO Anitha Srinivasan report in this Form 4?
TRIO-TECH INTERNATIONAL CFO Anitha Srinivasan reported receiving a grant of stock options. The award covers 5,000 derivative rights to buy common shares, reflecting equity-based compensation rather than an open-market stock purchase or sale.
How many Trio-Tech (TRT) stock options were granted to the CFO?
The filing shows a grant of 5,000 stock options linked to Trio-Tech common stock. These options give the CFO the right to buy 5,000 shares in the future if vesting and other terms are satisfied.
What is the exercise price of the TRT options granted to the CFO?
The options carry an exercise price of $9.74 per share. This means the CFO can purchase Trio-Tech common stock at $9.74 once the options vest and before they expire, subject to the plan’s conditions.
When do Anitha Srinivasan’s Trio-Tech (TRT) options vest?
According to the footnote, 1,250 of the granted stock options vest on the grant date. The remaining options vest in three equal annual installments thereafter, creating a multi-year retention and incentive structure for the CFO.
When do the newly granted Trio-Tech (TRT) options expire?
The stock options reported in the Form 4 expire on July 6, 2031. The CFO must exercise any vested options before this expiration date; unexercised options after that date will no longer be exercisable.