ZIM (ZIM) EVP Tiran Assaf reports stock option awards and vesting
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ZIM Integrated Shipping Services Ltd. filed an initial ownership report for executive vice president Tiran Assaf. The filing shows Assaf holds stock options over 33,816 ordinary shares at an exercise price of $25.33 expiring on March 8, 2027, which are fully vested and immediately exercisable on a net exercise basis. He also holds options over 7,778 ordinary shares at an exercise price of $24.59 expiring on August 14, 2027, vesting in four equal annual installments starting August 14, 2023, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tiran Assaf
Role
EVP Cross Suez & Atlantic BU
| 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) — 33,816 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 in four equal annual installments (25% per year) commencing on 08/14/2023 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 the ZIM Form 3 filing for Tiran Assaf show?
The Form 3 shows Tiran Assaf’s existing stock option holdings in ZIM. It discloses two option grants over 33,816 and 7,778 ordinary shares, with exercise prices of $25.33 and $24.59 and expirations in 2027, outlining current derivative ownership.
How many ZIM stock options does Tiran Assaf report on Form 3?
Tiran Assaf reports options linked to a total of 41,594 ZIM ordinary shares. These comprise 33,816 shares at a $25.33 exercise price and 7,778 shares at a $24.59 exercise price, all held as direct derivative positions under company award agreements.
When do Tiran Assaf’s ZIM stock options vest and expire?
One ZIM option grant is fully vested and exercisable, expiring March 8, 2027. The second grant vests in four equal annual installments starting August 14, 2023, with continued service required, and expires August 14, 2027, if not exercised earlier on a net exercise basis.
Are Tiran Assaf’s ZIM stock options immediately exercisable?
The 33,816-share option grant is fully vested and immediately exercisable. It can be exercised on a net exercise basis under the award agreement. The 7,778-share grant vests 25% per year from August 14, 2023, becoming exercisable as each tranche vests.
What type of securities are reported in Tiran Assaf’s ZIM Form 3?
The Form 3 reports derivative securities: stock options with rights to buy ordinary shares. Both entries are listed as “Stock Option (Right to Buy)” referencing underlying ZIM ordinary shares, held directly as part of Assaf’s executive compensation arrangements.