Form 4: FAT Brands Director Collier Amends Stock Option Prices
SEC Form 4
Director Lynne Leigh Collier reports amendments to stock option prices at FAT Brands, Inc.
Summary
- Lynne Leigh Collier, a director at FAT Brands, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The changes involve amendments to outstanding stock options to reduce the exercise price by $2.599553 per share.
- This resulted in the deemed cancellation of the 'old' options and the grant of replacement options.
- The amended options were originally granted on December 14, 2023, October 11, 2022, and April 17, 2024, and vest in three equal annual installments beginning on the first anniversary of the grant date.
- The transactions occurred on March 18, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock option amendments, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock option grants, common in publicly traded companies.
Stakeholder Impact
- The amendment of stock options may have a minor impact on shareholder equity and executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/11/2022 | Original grant date of one of the amended stock options. |
| 12/14/2023 | Original grant date of one of the amended stock options. |
| 04/17/2024 | Original grant date of one of the amended stock options. |
| 03/18/2025 | Date of the stock option amendment transactions. |
| 03/24/2025 | Date of the Form 4 filing. |
| 10/11/2032 | Expiration date of one of the amended stock options. |
| 12/14/2033 | Expiration date of one of the amended stock options. |
| 04/17/2034 | Expiration date of one of the amended stock options. |
Keywords
FAT Brands, Stock Options, Form 4, Beneficial Ownership, Director, Collier, Amendment
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