ZIM (ZIM) EVP Yochai Nissim reports 56,023-share stock option holding
Rhea-AI Filing Summary
ZIM Integrated Shipping Services executive Yochai Nissim, EVP and ZIM USA President, has filed an initial ownership report showing stock options over the company’s ordinary shares. These options cover 56,023 underlying ordinary shares at an exercise price of $25.33 per share and expire on March 8, 2027.
The options are fully vested and immediately exercisable on a net exercise basis under the award agreement, and are held as a direct position. This filing records Nissim’s existing derivative holding rather than a new market transaction.
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FAQ
What did ZIM (ZIM) executive Yochai Nissim report on this Form 3?
Yochai Nissim reported his initial ownership of ZIM stock options. The filing lists fully vested options linked to 56,023 ordinary shares, providing a snapshot of his existing derivative position rather than disclosing a new purchase or sale.
How many ZIM ordinary shares are covered by Yochai Nissim’s options?
The options are linked to 56,023 underlying ordinary shares of ZIM. This figure represents the number of shares Nissim can receive if he exercises all reported options, according to the initial ownership statement.
What is the exercise price and expiry of Yochai Nissim’s ZIM stock options?
The reported ZIM stock options have an exercise price of $25.33 per share and expire on March 8, 2027. These terms define the cost and time window for exercising the options into ordinary shares.
Are Yochai Nissim’s ZIM stock options already vested and exercisable?
Yes, the stock options reported by Yochai Nissim are fully vested and immediately exercisable on a net exercise basis. This means he can convert them into ordinary shares under the terms of the award agreement at any time before expiration.
Is this ZIM Form 3 a new transaction or just an ownership report?
This Form 3 is an initial ownership report, not a new transaction. It simply records Yochai Nissim’s existing stock option holdings in ZIM rather than disclosing a recent purchase, sale, or option exercise in the market.