ZIM (ZIM) EVP Arik reports stock option grants and vesting terms
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ZIM Integrated Shipping Services Ltd. executive Elimelech Arik, EVP HR & Organization, filed an initial ownership report showing stock option holdings in the company. He holds options over 5,173 underlying ordinary shares with a $25.3300 exercise price, expiring on March 9, 2027, which are fully vested and immediately exercisable on a net exercise basis under the award agreement. He also holds options over 34,827 underlying ordinary shares with a $14.7800 exercise price, expiring on November 20, 2029. These options vest 25% on November 20, 2025, with the remaining 75% vesting in twelve equal quarterly installments over three years, subject to his continued service, and are to be exercised on a net exercise basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Elimelech Arik
Role
EVP HR & Organization
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 5,173 shares (Direct)
Footnotes (1)
- The Stock Options are Fully vested and immediately exercisable on a net exercise basis pursuant to the terms of the award agreement. The Options vest 25% on the first year (11/20/2025 ) and the remaining 75% vest in twelve equal quarterly installments over a three-year period, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date, and will be exercised on a net exercise basis pursuant to the terms of the award agreement.
FAQ
What does ZIM Form 3 show for EVP Elimelech Arik?
The Form 3 shows EVP HR & Organization Elimelech Arik’s existing stock option holdings in ZIM, detailing underlying ordinary share amounts, exercise prices, expirations, and vesting terms, rather than recording a new stock purchase or sale.
What are the exercise prices and expirations of ZIM options held by Arik?
Arik holds options with a $25.3300 exercise price expiring March 9, 2027, and options with a $14.7800 exercise price expiring November 20, 2029. These dates define how long he can exercise each option grant.
How do the ZIM stock options for Arik vest over time?
One grant is already fully vested and immediately exercisable. The other vests 25% on November 20, 2025, with the remaining 75% vesting in twelve equal quarterly installments over three years, conditioned on continued service to ZIM or its subsidiaries.
What does net exercise basis mean for Arik’s ZIM stock options?
Net exercise basis means when Arik exercises his ZIM options, a portion of the shares may be withheld to cover the exercise cost, so he receives only the net number of shares, as specified in the award agreement terms.