Form 4: FAT Brands Director Peter Feinstein Acquires Stock Options
SEC Form 4
Director Peter Feinstein acquired stock options for 30,636 shares of FAT Brands, Inc.
Summary
- On April 17, 2024, Peter Feinstein, a director of FAT Brands, Inc., acquired stock options for 30,636 shares.
- The options have an exercise price of $7.10.
- The options vest in three equal annual installments beginning on April 17, 2025.
- Following the transaction, Feinstein directly owns 30,636 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock option grants, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock option grants to a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The granting of stock options to a director can align their interests with those of shareholders, potentially incentivizing them to increase company value.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of transaction: Peter Feinstein acquired stock options. |
| 04/17/2025 | First vesting date of the stock options. |
| 04/17/2034 | Expiration date of the stock options. |
| 04/19/2024 | Date of signature for the Form 4 filing. |
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