Performance-based options vest for Luxfer (LXFR) executive after EPS, TSR goals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Luxfer Holdings plc reported that officer Mark James Lawday acquired two grants of performance-based stock options on March 20, 2026. One grant covers 1,376 options and the other covers 882 options, each convertible into Ordinary Shares on a 1‑for‑1 basis for a nominal $1.00 per share.
These options were originally awarded on March 20, 2023 and became fully granted and vested on March 20, 2026. Vesting was based on achieving earnings per share growth goals and relative total shareholder return goals for the performance period ended December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
2 transactions reported
Mixed
2 txns
Insider
LAWDAY MARK JAMES
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 1,376 | $0.00 | -- |
| Grant/Award | Stock Options (Right to Buy) | 882 | $0.00 | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 1,376 shares (Direct)
Footnotes (1)
- 1 for 1, subject to a nominal payment of $1.00 per Ordinary Share. Represents the grant of performance-based Options (at 117% target) awarded on March 20, 2023. 100% of the performance-based Options were granted and vested on March 20, 2026 upon the achievement of EPS growth goals for the performance period ended December 31, 2025. Represents the grant of performance-based Options (at 50% target) awarded on March 20, 2023. 100% of the performance-based Options were granted and vested on March 20, 2026 upon the achievement of relative total shareholder return (TSR) goals for the performance period ended December 31, 2025.
FAQ
What insider transaction did Luxfer (LXFR) report for Mark James Lawday?
Luxfer reported that officer Mark James Lawday received two grants of performance-based stock options on March 20, 2026. These awards give rights to acquire 1,376 and 882 Ordinary Shares, respectively, reflecting equity compensation tied to prior performance goals.
How many stock options did the Luxfer (LXFR) officer receive in this Form 4?
The officer received two separate performance-based option grants covering 1,376 and 882 stock options. Each option corresponds to one Ordinary Share, creating rights over 2,258 shares in total as equity compensation, subject to a nominal payment of $1.00 per Ordinary Share.
What performance goals triggered the Luxfer (LXFR) stock option vesting?
The options vested after Luxfer achieved earnings per share growth and relative total shareholder return goals. These metrics were measured over a performance period that ended on December 31, 2025, leading to full grant and vesting of the performance-based options on March 20, 2026.
When were the Luxfer (LXFR) performance-based options originally awarded?
The performance-based stock options reported in this Form 4 were originally awarded on March 20, 2023. They were structured to vest only if specified earnings per share growth and relative total shareholder return goals were met by December 31, 2025, which triggered vesting in March 2026.
What is the exercise cost of the Luxfer (LXFR) performance-based options?
Each performance-based option entitles the holder to receive one Ordinary Share for a nominal payment of $1.00 per share. This low exercise cost highlights that the primary value to the officer comes from the company’s share price and meeting the defined performance conditions.