Lincoln Electric (LECO) EVP awarded shares and options, withholds stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lincoln Electric Holdings EVP Michael J. Whitehead reported routine equity compensation and a related tax-withholding transaction. On February 18, he acquired 3,203 Employee Stock Options at $0.00 per option and 800 Common Shares at $0.00 per share as a grant or award. The options are exercisable in equal installments on the first, second and third anniversaries of the grant date. On February 19, 82 Common Shares were disposed of in a tax-withholding disposition at $288.12 per share to cover tax obligations. After these transactions, he directly owned 9,701 Common Shares and 3,203 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Whitehead Michael J
Role
EVP, PRESIDENT, AMERICAS WELD
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 82 | $288.12 | $24K |
| Grant/Award | Employee Stock Option (Right to Buy) | 3,203 | $0.00 | -- |
| Grant/Award | Common Shares | 800 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 9,701 shares (Direct);
Employee Stock Option (Right to Buy) — 3,203 shares (Direct)
Footnotes (1)
- Pursuant to restricted stock unit award. Exercisable in equal installments on the first, second and third anniversaries of the date of grant.
FAQ
What insider transactions did LECO executive Michael J. Whitehead report?
Michael J. Whitehead reported equity awards and a tax-withholding transaction. He received 3,203 stock options and 800 Common Shares as grants, and 82 Common Shares were disposed of to satisfy tax obligations related to equity compensation.
How many Lincoln Electric (LECO) stock options were granted to Michael J. Whitehead?
He was granted 3,203 Employee Stock Options. These options were awarded at an exercise price of $0.00 per option and become exercisable in three equal installments on the first, second and third anniversaries of the February 18 grant date.
What are Michael J. Whitehead’s Lincoln Electric (LECO) holdings after these transactions?
Following the reported transactions, he directly held 9,701 Common Shares and 3,203 Employee Stock Options. These figures reflect his updated direct ownership after the equity grants and the 82-share tax-withholding disposition.
How do Michael J. Whitehead’s LECO stock options vest over time?
The 3,203 Employee Stock Options vest in three equal installments. They become exercisable on the first, second and third anniversaries of the February 18 grant date, creating a multi-year incentive structure tied to his continued service.