4/A: COO CEO Stock Option Grant Correction Filed

The Cooper Companies CEO Albert G White III filed an amended Form 4 to correct the number of shares for a stock option grant.

Summary

• Albert G White III, President & CEO and Director of The Cooper Companies, Inc. (COO), filed a Form 4/A.
• The amendment was filed solely to correct the number of shares issuable upon the exercise of a previously reported stock option.
• The original transaction date for the stock option grant was December 10, 2024.
• The corrected number of derivative securities acquired (stock options) is 184,069.
• These stock options have an exercise price of $99.08 per share.
• The options vest at 25% per year over four years, beginning on the grant date.
• The expiration date for these stock options is December 10, 2034.
• Following this transaction, Albert G White III beneficially owns 184,069 derivative securities directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative correction to a previously reported insider transaction, with no direct positive or negative implications for the company's operational or financial performance.

Future Outlook

The stock options granted to Albert G White III will vest at a rate of 25% per year over four years, starting from the grant date of December 10, 2024.

Management Comments

• The Form 4/A was signed by Albert G White III by Daniel G. McBride, as Attorney-in-Fact.

Industry Context

StockSavvy.ai notes that Form 4/A filings are routine administrative amendments used to correct previously reported insider transactions, such as stock option grants, and are common across all industries to ensure accuracy in regulatory disclosures.

Comparison to Industry Standards

• Executive stock option grants are a standard component of compensation packages across various industries, aligning management incentives with shareholder value creation.
• The vesting schedule of 25% per year over four years is a common industry practice designed to encourage long-term retention and performance.

Stakeholder Impact

• Shareholders are provided with corrected information regarding the number of stock options granted to a key executive, ensuring transparency in executive compensation disclosures.

Next Steps

• The stock options will continue to vest at 25% per year over the next four years from the grant date.

Key Dates

Keywords

Cooper Companies, COO, Form 4/A, Stock Options, Executive Compensation, Insider Transaction, Amendment, Albert G White III