Delmar Haim Daniel 4

4 · ELBIT SYSTEMS LTD · Filed Mar 25, 2026

AI-generated summary of this filing

Updated Mar 25, 2026

Elbit Systems (ESLT) EVP Delmar Haim Daniel Receives 5,000-Share Award

What Happened

Delmar Haim Daniel, Executive Vice President of Elbit Systems Ltd. (ESLT), received a grant of options covering 5,000 shares on 2026-03-24. The award is recorded at $0.00 per share (derivative award), so no cash was paid on grant. This is a compensation grant (award), not a purchase or sale.

Key Details

Transaction date: 2026-03-24; Form 4 filed 2026-03-25 (appears timely under standard Form 4 rules).
Grant: 5,000 option shares; acquisition price $0.00; transaction type: Award/Grant (derivative).
Shares owned after transaction: Not specified in the filing.
Vesting (footnote F1): 40% vest on March 24, 2028; 30% on March 24, 2029; 30% on March 24, 2030.
Exercise mechanics (footnote F2): A net exercise mechanism may be used, so the actual number of shares received on exercise will likely be fewer than 5,000 (shares delivered reduced to cover strike/ taxes).
Holding (footnote F3): The options are held in trust; Mr. Delmar is the sole beneficiary.
Type: Derivative grant (award of options), not an immediate sale or buy.

Context

This is a forward-looking compensation award that vests over multiple years; it does not represent an immediate purchase of shares or a sale. Because of the net exercise feature, any future exercise may produce fewer shares than the award size. Such grants are commonly used for executive compensation and signal future potential alignment with shareholder interests, but they do not by themselves indicate current buying or selling activity.

Form 4

Period: 2026-03-24

Executive Vice President

Transactions

Award
Employee Stock Option (right to buy)
[F1][F2][F3]
2026-03-24+5,000→ 5,000 total(indirect: By Trust)
Exercise: $912.60Exp: 2031-06-24→ Ordinary Shares (5,000 underlying)

Footnotes (3)

[F1]These options will vest and become exercisable in three tranches: 40% on March 24, 2028, 30% on March 24, 2029, and 30% on March 24, 2030.
[F2]Unless otherwise determined by the option plan's administrators, a net exercise mechanism will be used with respect to the options, which entitles Mr. Delmar to exercise the options for a number of shares determined based on the excess, if any, of the fair market value of the shares underlying such options minus the exercise price of such options, calculated based on the date of exercise. Therefore, the number of shares actually received by Mr. Delmar following any exercise of options will likely be fewer than the number of shares subject to the options.
[F3]Mr. Delmar's options are held in trust in accordance with the terms of his award agreement and the plan under which they were granted. Mr. Delmar is the sole beneficiary of the options.

Signature

/s/ Adi Pinchas Confino, Attorney-in-Fact|2026-03-25

1 file