Tile Shop (TTSH) SVP Joseph Kinder awarded 80,000 stock options
Rhea-AI Filing Summary
KINDER JOSEPH reported acquisition or exercise transactions in this Form 4 filing.
Tile Shop Holdings executive Joseph Kinder was granted stock options for 80,000 shares of common stock on March 2, 2026. These options were awarded at no cost and give him the right to buy company shares in the future.
The options vest in three substantially equal installments on March 2, 2027, March 2, 2028, and March 2, 2029, as long as he remains continuously employed through each vesting date. After this grant, Kinder directly holds stock options and common shares, including restricted and performance-based restricted stock that vest over several future dates tied to continued employment and the company’s performance targets.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
KINDER JOSEPH
Role
SVP, Chief Merchant Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 80,000 | $0.00 | $0.00 |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 156,900 shares (Direct);
Common Stock — 89,479 shares (Direct)
Footnotes (4)
- F1. Includes (i) 3,086 shares of restricted stock for which the risks of forfeiture will lapse on 3/6/26; (ii) 5,041 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/4/26 and 3/4/27; (iii) 9,028 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/3/26, 3/3/27 and 3/3/28; and
- F2. (iv) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Kinder remaining in continuous employment with the Issuer through December 31 of the year preceding the applicable vesting date and the Issuer achieving its performance target for each respective year: (A) 6,049 shares for which the risks of forfeiture will lapse on the date the Issuer releases its annual financial statements for the 2026 fiscal year; and (B) 12,638 shares for which the risks of forfeiture will lapse as to 30% and 40% of the initial number of shares granted on each of the dates the Issuer releases its annual financial statements for the 2026 and 2027 fiscal years, respectively. The Issuer's Form 10-K for the year ended December 31, 2025 contains additional information regarding the applicable performance targets.
- F3. The options vest in three substantially equal installments on each of 3/2/2027, 3/2/2028 and 3/2/2029, subject to continuous employment as of the applicable vesting date.
- F4. Fully exercisable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did TTSH executive Joseph Kinder report in this Form 4 filing?
Joseph Kinder reported receiving a grant of stock options for 80,000 Tile Shop Holdings shares. The grant is a compensation award, giving him the right to buy shares later, subject to multi-year vesting and continued employment conditions.
How many stock options did TTSH grant to Joseph Kinder and on what date?
Tile Shop Holdings granted Joseph Kinder 80,000 stock options on March 2, 2026. These derivative securities are compensation-based and were awarded at no purchase price, contingent on future vesting dates over three years of continued employment.
What are the vesting terms of Joseph Kinder’s new TTSH stock options?
The 80,000 stock options vest in three substantially equal installments on March 2, 2027, March 2, 2028, and March 2, 2029. Vesting requires Kinder to remain continuously employed with Tile Shop Holdings through each applicable vesting date.
What other TTSH equity awards does Joseph Kinder hold besides the new options?
Kinder also holds restricted stock and performance-based restricted stock in Tile Shop Holdings. These include multiple tranches with forfeiture risks that lapse between March 2026 and the release of the company’s 2027 financial statements, conditioned on employment and meeting specified performance targets.