Form 4: FAT Brands Director Peter R. Feinstein Amends Stock Options
SEC Form 4
Director Peter R. Feinstein amended stock options, effectively reducing the exercise price of existing options and granting replacement options.
Summary
- On March 18, 2025, Peter R. Feinstein, a director of FAT Brands, Inc., amended two sets of outstanding stock options.
- The amendments involved reducing the exercise price of the options by $2.599553 per share.
- This resulted in the deemed cancellation of the 'old' options and the grant of replacement options.
- The first set of options, originally granted on July 25, 2023, involved 30,636 shares with an original exercise price of $6.85, which was reduced to $4.25.
- These options vest in three equal annual installments starting on the first anniversary of the grant date.
- The second set of options, originally granted on April 17, 2024, involved 30,636 shares with an original exercise price of $7.10, which was reduced to $4.50.
- These options also vest in three equal annual installments beginning on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock option amendments, with no inherent positive or negative sentiment.
Key Dates
| Date | Description |
|---|---|
| 07/25/2023 | Original grant date of first set of stock options. |
| 04/17/2024 | Original grant date of second set of stock options. |
| 03/18/2025 | Date of stock option amendment. |
| 03/24/2025 | Date of signature on the form. |
| 07/25/2033 | Expiration date of first set of stock options. |
| 04/17/2034 | Expiration date of second set of stock options. |
Keywords
stock options, FAT Brands, director, amendment, exercise price, Feinstein, options
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