5E Advanced Materials (FEAM) CEO Weibel Exercises Options, Receives Shares

What Happened

• CEO Paul Wesley Weibel III converted/exercised vested performance and restricted share units and received a total of 5,117 shares (4,322 from conversion/exercise + 795 as an award) on September 15, 2026. To satisfy tax-withholding obligations, 1,839 shares were withheld by the company, valued at $1.26 per share (total value shown: $2,317). Several other derivative-related line items (530, 383, and 3,409 shares) are reported as dispositions at $0.00, reflecting conversion/settlement mechanics rather than open-market sales.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-15 (filed same day).
• Reported acquisitions: 4,322 shares (exercise/conversion, code M) and 795 shares (grant/award, code A) — total 5,117 shares acquired.
• Reported dispositions/withholding: 1,839 shares withheld for taxes at $1.26/share (value $2,317); additional derivative dispositions of 530, 383, and 3,409 shares reported at $0.00.
• Footnotes: PSUs and RSUs granted under the company’s equity plan (notably Sept 15, 2023 and later grants). PSUs from 2023 vested at 50% of target per the Compensation Committee; RSUs have multi-year vesting schedules. F4 confirms shares were withheld to cover tax withholding.
• Shares owned after the transaction: not stated in the provided excerpt of the filing.
• Timeliness: Filing appears timely (no late-filing flag reported).

Context

• Codes: M = exercise/conversion of derivative (e.g., PSUs/stock units converting to common shares); A = award/grant; F = shares withheld to cover tax liability. The withholding of shares to cover taxes is a common net-settlement practice and is not the same as an open-market sale by the insider.
• This filing mainly documents vesting/conversion and tax withholding rather than a voluntary cash sale or open-market purchase; it’s routine compensation settlement activity rather than a clear bullish or bearish trading signal.