GPGI (GPGI) awards 1.27M stock options to Executive Chairman Cote
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COTE DAVID M reported acquisition or exercise transactions in this Form 4 filing.
GPGI, Inc. reported that Executive Chairman David M. Cote received a grant of stock options covering 1,265,032 shares on the reported date. The options were granted at no cost and will vest in four equal annual installments of 25% on each anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COTE DAVID M
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 1,265,032 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,265,032 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GPGI (GPGI) report for David M. Cote?
GPGI reported that Executive Chairman David M. Cote received a grant of stock options for 1,265,032 shares. These options were awarded at no cost as a compensation grant, rather than being purchased in the open market.
How many GPGI (GPGI) stock options were granted to David M. Cote?
David M. Cote was granted stock options covering 1,265,032 shares of GPGI common stock. This award represents a single derivative transaction reported on the Form 4, with all options shown as directly owned following the grant.
What is the vesting schedule for David M. Cote’s GPGI stock options?
The stock options granted to David M. Cote vest in equal annual installments of 25% on each of the first, second, third and fourth anniversaries of the grant date. This four-year vesting encourages longer-term alignment with GPGI’s performance.
Is David M. Cote’s ownership in GPGI direct or indirect after this transaction?
After the reported grant, the Form 4 lists David M. Cote’s ownership of the stock options as direct. No separate entity or indirect ownership structure is referenced in the transaction details or associated footnotes.
What does the zero price on David M. Cote’s GPGI option grant mean?
The reported price of 0.0000 reflects that the options were granted to David M. Cote as compensation at no cost on the grant date. This indicates an award rather than a purchase, consistent with standard executive equity incentive practices.