Vision Marine CEO granted 125 RSUs tied to market cap
Vision Marine Technologies Inc. (VMAR) reports that Chief Executive Officer and director Alexandre Mongeon beneficially owns common shares and equity awards.
Rhea-AI Filing Summary
Vision Marine Technologies Inc. (VMAR) reports that Chief Executive Officer and director Alexandre Mongeon beneficially owns common shares and equity awards. He holds 1 common share directly and 2 common shares indirectly through a corporation he controls, plus options and 125 Restricted Stock Units (RSUs) tied to common shares. The RSUs vest in tranches of 38, 37, and 50 units upon the company achieving and maintaining public market capitalizations of $15 million, $25 million, and $35 million for ten consecutive business days, respectively, and have a contractual life of 10 years from the September 25, 2025 grant date.
Positive
- None.
Negative
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Mongeon Alexandre
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options | -- | -- | -- |
| holding | Restricted Stock Unit F1, F2 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Options — 1 contracts (Direct);
Restricted Stock Unit — 125 contracts (Direct);
Common Shares — 1 shares (Direct);
Common Shares — 2 shares (Indirect, Corporation controlled by Alexandre Mongeon)
Footnotes (2)
- F1. The Restricted Stock Units ("RSUs") vest upon achievement and maintenance of the following market-capitalization thresholds, based on the Company's public market capitalization at the close of trading for ten consecutive business days: - 38 RSUs upon achievement of a market capitalization of $15 million or more; - 37 RSUs upon achievement of a market capitalization of $25 million or more; and - 50 RSUs upon achievement of a market capitalization of $35 million or more.
- F2. The contractual life of the RSUs is 10 years from the September 25, 2025 grant date, which would result in an expiration date of September 25, 2035, assuming the Form 3 requires a specific expiration date and this is consistent with the underlying RSU agreement.
Key Figures
Direct common shares held: 1 common share
Indirect common shares held: 2 common shares
Restricted Stock Units: 125 RSUs
+5 more
8 metrics
Direct common shares held
1 common share
Direct ownership by CEO Alexandre Mongeon as of 2026-09-01
Indirect common shares held
2 common shares
Indirect ownership through a corporation controlled by Alexandre Mongeon
Restricted Stock Units
125 RSUs
RSUs held by the CEO, each tied to one common share
RSU vesting threshold 1
$15 million market capitalization
Triggers vesting of 38 RSUs after ten consecutive business days
RSU vesting threshold 2
$25 million market capitalization
Triggers vesting of 37 RSUs after ten consecutive business days
RSU vesting threshold 3
$35 million market capitalization
Triggers vesting of 50 RSUs after ten consecutive business days
RSU contractual life
10 years
Measured from the September 25, 2025 grant date to expected expiration September 25, 2035
Underlying shares for options
1 common share
Underlying security for the CEO’s listed options position, expiring March 25, 2030
Key Terms
Restricted Stock Unit, market capitalization, contractual life, indirect
4 terms
Restricted Stock Unit financial
"The Restricted Stock Units ("RSUs") vest upon achievement and maintenance"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
market capitalization financial
"based on the Company's public market capitalization at the close"
Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.
contractual life financial
"The contractual life of the RSUs is 10 years from the September"
indirect financial
"Common Shares ... indirect ... Corporation controlled by Alexandre Mongeon"
FAQ
What insider holdings does VMAR CEO Alexandre Mongeon report on this Form 3?
Alexandre Mongeon reports holding 1 VMAR common share directly, 2 common shares indirectly through a controlled corporation, options linked to 1 common share, and 125 Restricted Stock Units (RSUs) that are each tied to one VMAR common share.
How many Restricted Stock Units does VMAR grant to its CEO in this disclosure?
The CEO is reported to hold 125 Restricted Stock Units (RSUs), each linked to one VMAR common share. These RSUs vest only if specified market capitalization thresholds are met and maintained for ten consecutive business days.
What market capitalization targets affect vesting of VMAR CEO’s RSUs?
The RSUs vest in tranches based on VMAR’s public market capitalization: 38 RSUs at $15 million or more, 37 RSUs at $25 million or more, and 50 RSUs at $35 million or more, each level requiring ten consecutive business days at or above the threshold.
What is the contractual life of the VMAR CEO’s RSUs?
The contractual life of the RSUs is 10 years from the September 25, 2025 grant date, leading to an expected expiration date of September 25, 2035, assuming this aligns with the underlying RSU agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
