Iversen Bernt G II 4
Research Summary
AI-generated summary
Perimeter (PRM) Director Bernt G. Iversen Receives 35,682-Share Award
What Happened
- Bernt G. Iversen, a director of Perimeter Solutions, reported the acquisition of 35,682 shares on Feb 26, 2026 via the vesting of previously granted stock options/awards. The filing lists six derivative acquisitions (total 35,682 shares) recorded at $0.00 per share, reflecting vested option shares rather than an open-market purchase or cash exercise.
Key Details
- Transaction date: 2026-02-26; Filing date: 2026-03-02 (filed timely).
- Price: $0.00 per share — these are vested option/award shares (derivative transactions).
- Shares vested by grant (vested amounts): 2,655; 6,194; 7,000; 7,000; 7,000; 5,833 (total = 35,682).
- Shares owned after transaction: not disclosed in the provided filing extract.
- Footnotes: Vesting resulted from satisfying performance criteria for fiscal-year targets tied to option grants made in 2022–2025 (see individual grant dates in footnotes). No 10b5-1 plan, tax-withholding sale, or immediate cashless sale is indicated in the summary provided.
Context
- These are derivative/award vesting events (options/awards becoming vested based on performance), which simply convert potential option shares into owned shares—not a buy or sale in the open market. The filing does not indicate any immediate sale of the vested shares. For retail investors, vesting reflects compensation tied to company performance but is not a direct bullish or bearish vote like an open-market purchase or sale.