Delmar Haim Daniel 4

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.