Form 4: Fat Brands Executive Amends Stock Options to Reduce Exercise Price

Senior VP of Finance, Ron Roe, amends stock options to lower the exercise price, resulting in the cancellation and re-grant of options.

Summary

• Ron Roe, Senior VP of Finance at Fat Brands, Inc., amended several stock option grants on March 18, 2025.
• The amendments reduced the exercise price of the options by $2.599553 per share.
• This resulted in the deemed cancellation of the original options and the grant of replacement options with the adjusted exercise price.
• The amended options relate to Class A Common Stock.
• The original options were granted on December 10, 2018, October 20, 2017, and November 16, 2021, and vest in three equal annual installments from the grant date.

Sentiment

Score: 6

Explanation: The document describes a routine adjustment to executive compensation. It's neither particularly positive nor negative, but suggests an effort to maintain executive incentives.

Industry Context

Stock option amendments are a common practice to incentivize executives, especially when the stock price has declined significantly since the original grant date. This adjustment aims to keep the options valuable and motivate the executive team.

Stakeholder Impact

• The stock option amendment could potentially impact shareholder value depending on the future performance of the company and the executive's contribution.
• The amendment is intended to incentivize the executive, which could indirectly benefit employees and other stakeholders if it leads to improved company performance.

Key Dates

Keywords

stock options, Fat Brands, Form 4, insider trading, executive compensation, Ron Roe, amendment, exercise price