Chiron Real Estate grants COO 23,855 stock options
Rhea-AI Filing Summary
Chiron Real Estate Inc. (XRN) reported that COO Roseth Aaron Robert received a grant of options to buy 23,855 shares of common stock at an exercise price of $60.00 per share, expiring on August 27, 2036. The options vest in three equal annual installments on August 27, 2027, 2028, and 2029, subject to his continued service. The grant was made as an employment inducement award outside the company’s 2016 Equity Incentive Plan under NYSE Listing Rule 303A.08, approved by the Compensation Committee consisting solely of independent directors. The filing also clarifies that Roseth was previously misidentified as a director and is correctly reported as an officer (COO).
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Roseth Aaron Robert
Role
COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (Right to buy) F1, F2 | 23,855 | $0.00 | $0.00 |
Holdings After Transaction:
Option (Right to buy) — 23,855 shares (Direct)
Footnotes (2)
- F1. The options have an exercise price of $60.00 per share and the shares subject to the options become exercisable in three equal annual installments on each of August 27, 2027, August 27, 2028 and August 27, 2029, subject to the Reporting Person's continued service through each applicable vesting date.
- F2. The options were granted outside of the Issuer's 2016 Equity Incentive Plan as an employment inducement award under New York Stock Exchange Listing Rule 303A.08 and as a material inducement to the Reporting Person entering into employment with the Issuer. The awards were approved by the Compensation Committee of the Board of Directors, consisting solely of independent directors, in reliance on the employment inducement exemption under NYSE Listing Rule 303A.08.
Key Figures
Options Granted: 23,855 options
Exercise Price: $60.00 per share
Expiration Date: 2036-08-27
+2 more
5 metrics
Options Granted
23,855 options
Grant of options to COO on 2026-08-27
Exercise Price
$60.00 per share
Exercise price of COO option grant
Expiration Date
2036-08-27
Option grant expiration date
Vesting Installments
3 installments
Three equal annual vesting dates in 2027, 2028, 2029
Underlying Common Stock
23,855 shares
Shares of common stock underlying the options
Key Terms
employment inducement award, New York Stock Exchange Listing Rule 303A.08, Equity Incentive Plan, independent directors
4 terms
employment inducement award financial
"The options were granted ... as an employment inducement award under New York..."
An employment inducement award is a grant of company stock, options, or other equity given to a new hire as a joining bonus to encourage them to work for the company. Like a signing bonus in cash, it ties the employee’s pay to the company’s future value and often vests over time. Investors care because these awards increase outstanding shares and compensation costs, affecting per‑share value and motivating executives to meet performance goals.
New York Stock Exchange Listing Rule 303A.08 regulatory
"…under New York Stock Exchange Listing Rule 303A.08 and as a material inducement…"
Equity Incentive Plan financial
"The options were granted outside of the Issuer's 2016 Equity Incentive Plan…"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
independent directors regulatory
"…approved by the Compensation Committee of the Board of Directors, consisting solely of independent..."
Members of a company’s board who do not have significant business, family, or financial ties to the company and are not part of its management; they are chosen to provide impartial oversight of strategy, financial reporting, executive pay and risk. They matter to investors because independent directors act like an objective referee, helping ensure decisions favor shareholders’ long-term interests rather than insiders, which can strengthen trust and reduce the chance of mismanagement or conflicts of interest.
FAQ
What equity award did COO Roseth Aaron Robert receive from Chiron Real Estate Inc. (XRN)?
COO Roseth Aaron Robert received an option grant for 23,855 shares of Chiron Real Estate Inc. common stock with an exercise price of $60.00 per share, expiring on August 27, 2036. The award is structured as an employment inducement grant.
What are the vesting terms of the new stock options reported for XRN’s COO?
The options vest in three equal annual installments on August 27, 2027, August 27, 2028, and August 27, 2029, and each installment is subject to the COO’s continued service with Chiron Real Estate Inc. through the applicable vesting date.
What is the exercise price and expiration date of the COO’s options at Chiron Real Estate Inc. (XRN)?
The options have an exercise price of $60.00 per share and an expiration date of August 27, 2036, giving the COO the right to purchase shares at that price if and when the options become exercisable.
Was the option grant to XRN’s COO made under Chiron Real Estate Inc.’s 2016 Equity Incentive Plan?
No. The options were granted outside Chiron Real Estate Inc.’s 2016 Equity Incentive Plan as an employment inducement award under New York Stock Exchange Listing Rule 303A.08, and were approved by the Compensation Committee of the Board of Directors.
Did the Form 4 clarify Roseth Aaron Robert’s role at Chiron Real Estate Inc. (XRN)?
Yes. The filing states he was previously inadvertently designated as a director in an earlier Form 4. It clarifies that he was not a director at that time and that this Form 4 correctly reflects his status as an officer (COO).
Were the XRN COO’s option transactions reported under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote indicating that this option grant was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.