Generac (GNRC) CEO granted options and shares, with tax-share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAC HOLDINGS INC. Chief Executive Officer Aaron Jagdfeld reported a mix of equity grants and tax-related share dispositions. He received a stock option award for 14,135 shares and common stock grants of 7,671 and 11,149 shares at no cost, with vesting over three and four years, respectively, subject to continued service. To cover tax obligations, he disposed of 5,241, 2,619, 2,178 and 2,020 common shares at a price of $228.14 per share through tax-withholding transactions rather than open-market sales. Following these transactions, his directly held common stock totaled 584,528 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Jagdfeld Aaron
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 14,135 | $0.00 | -- |
| Grant/Award | Common Stock | 7,671 | $0.00 | -- |
| Grant/Award | Common Stock | 11,149 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,241 | $228.14 | $1.20M |
| Tax Withholding | Common Stock | 2,619 | $228.14 | $597K |
| Tax Withholding | Common Stock | 2,178 | $228.14 | $497K |
| Tax Withholding | Common Stock | 2,020 | $228.14 | $461K |
Holdings After Transaction:
Stock Option (Right to Buy) — 14,135 shares (Direct);
Common Stock — 585,437 shares (Direct)
Footnotes (1)
- Subject to continued service through the vesting date, the Restricted Shares shall all vest in equal installments on each of the first three (3) anniversaries of the Date of Grant. Subject to continued service through the vesting date, the Options shall vest in equal installments on each of the first four (4) anniversaries of the Date of Grant.
FAQ
What did Generac (GNRC) CEO Aaron Jagdfeld report in this Form 4?
Aaron Jagdfeld reported equity compensation grants and related tax-withholding share dispositions. He received stock options and restricted shares that vest over several years, and some common shares were withheld at $228.14 each to satisfy tax liabilities tied to these awards.
How many stock options were granted to the GNRC CEO in this filing?
The CEO received a grant of 14,135 stock options. These options vest in equal installments on each of the first four anniversaries of the grant date, subject to continued service, providing long-term, performance-linked compensation rather than immediate cash or fully vested shares.
What common stock awards did the Generac CEO receive on the reported date?
He received two common stock grants of 7,671 and 11,149 shares at a price of $0.00 per share. These restricted shares vest in three equal annual installments, conditioned on continued service, aligning a portion of his compensation with future company performance and retention.
How do the vesting terms affect the GNRC CEO’s new awards?
The restricted shares vest in three equal annual installments, while the stock options vest in four equal annual installments, both requiring continued service. These schedules spread the potential benefit over several years, encouraging long-term alignment between the CEO’s incentives and company performance.