Venture Global (VG) COO awarded 500,000 stock options as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Venture Global, Inc. reported that Chief Operating Officer Brian Cothran received a grant of stock options covering 500,000 shares of Class A common stock. The options have an exercise price of $12.97 per share, were granted at no upfront cost, and expire on March 18, 2036. According to the terms, the award vests in equal quarterly installments over 16 quarters, contingent on his continued service, and represents compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cothran Brian
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 500,000 | $0.00 | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
Holdings After Transaction:
Stock Options — 500,000 shares (Direct)
Footnotes (1)
- This stock option shall vest in equal quarterly installments on each of the first 16 quarterly anniversaries of the grant date, subject to the reporting person's continuous service through each applicable vesting date. This stock option was previously reported as covering 5,000 shares of Class A Common Stock at an exercise price of $5,200 per share but was adjusted to reflect the stock split that occurred immediately prior to the consummation of the Issuer's initial public offering (the "Stock Split"). This stock option is fully vested and exercisable. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $15,300 per share but was adjusted to reflect the Stock Split.
FAQ
What did Venture Global (VG) disclose about Brian Cothran in this Form 4?
Venture Global disclosed a new stock option grant to COO Brian Cothran. He was awarded options on 500,000 shares of Class A common stock, providing future purchase rights as part of his compensation rather than an immediate stock market transaction.
How large is Brian Cothran’s stock option grant at Venture Global (VG)?
Brian Cothran received options on 500,000 shares. These options give him the right to buy up to 500,000 shares of Venture Global’s Class A common stock at a fixed exercise price if vesting and other conditions are met.
What is the exercise price and term of Brian Cothran’s Venture Global (VG) options?
The options carry a $12.97 per share exercise price and expire March 18, 2036. This means Cothran can choose to buy shares at $12.97 any time after vesting and before the expiration date, subject to the award’s terms.
How do Brian Cothran’s Venture Global (VG) options vest over time?
The stock options vest in 16 equal quarterly installments. Vesting occurs on each of the first 16 quarterly anniversaries of the grant date, but only if Cothran continues to provide service to Venture Global through each applicable vesting date.
Is Brian Cothran’s Venture Global (VG) Form 4 transaction an open-market buy or sell?
No, the Form 4 reflects a compensation grant, not an open-market trade. The transaction is coded as an acquisition of derivative securities (stock options) awarded at no upfront cost, rather than a purchase or sale of common shares on the market.