ZIM Integrated Shipping (ZIM) VP reports stock option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ZIM Integrated Shipping Services Ltd. executive Metanes Abdallah, VP of the Intra-Asia business unit, filed an initial Form 3 reporting existing stock option holdings. He holds stock options over 6,814 ordinary shares at an exercise price of $25.33 per share, fully vested and immediately exercisable on a net exercise basis, expiring on March 9, 2027. He also holds stock options over 23,186 ordinary shares at an exercise price of $5.17 per share, vesting in four equal annual installments starting August 16, 2024, subject to continued service, and expiring on August 16, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Metanes Abdallah
Role
VP of the Intra-Asia 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) — 6,814 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 08/16/2024 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 Metanes Abdallah report in his ZIM (ZIM) Form 3 filing?
Metanes Abdallah reports his existing stock option holdings in ZIM Integrated Shipping Services. The Form 3 shows two option awards over ordinary shares with specified exercise prices, vesting terms, and expiration dates, rather than new open-market purchases or sales of ZIM stock.
How many ZIM stock options does Metanes Abdallah hold according to Form 3?
According to the Form 3, Abdallah holds options over 6,814 ordinary shares at $25.33 per share and options over 23,186 ordinary shares at $5.17 per share. Both positions are reported as directly owned derivative securities tied to ZIM ordinary shares.
What are the vesting terms of Metanes Abdallah’s ZIM stock options?
One ZIM option grant for 6,814 shares is fully vested and immediately exercisable on a net exercise basis. The other, covering 23,186 shares, vests in four equal annual installments of 25% each starting August 16, 2024, contingent on his continued service.
When do Metanes Abdallah’s ZIM stock options expire?
The fully vested ZIM stock options over 6,814 shares expire on March 9, 2027. The second option grant over 23,186 shares expires on August 16, 2028. After these expiration dates, any unexercised options from each respective grant will no longer be exercisable.
What is the role of Metanes Abdallah at ZIM Integrated Shipping Services?
Metanes Abdallah serves as Vice President of the Intra-Asia Business Unit at ZIM Integrated Shipping Services. His Form 3 identifies him as an officer of the company and discloses his directly held stock option positions linked to ZIM’s ordinary shares.
Are Metanes Abdallah’s ZIM options exercisable on a net exercise basis?
Yes, both reported ZIM option awards are exercisable on a net exercise basis under their award agreements. The 6,814-share grant is already fully vested, while the 23,186-share grant becomes exercisable as its four annual 25% vesting installments occur over time.