Form 4: Inotiv Inc. Executive Acquires Stock Options
SEC Form 4 Filing
Adrian Hardy, Chief Commercial Officer of Inotiv, Inc., acquired 6,500 stock options at a price of $4.205 on February 21, 2025, according to a Form 4 filing with the SEC.
Summary
- A Form 4 filing with the SEC indicates that Adrian Hardy, Chief Commercial Officer of Inotiv, Inc., engaged in a transaction involving derivative securities.
- On February 21, 2025, Hardy acquired 6,500 employee stock options with an exercise price of $4.205.
- These options vest over three years: 40% on February 21, 2026, 30% on February 21, 2027, and 30% on February 21, 2028, contingent upon continued employment.
- The options expire on February 21, 2035.
- Following the reported transaction, Hardy directly owns 6,500 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 related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of key personnel.
Stakeholder Impact
- The transaction could potentially incentivize the executive to improve company performance, benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of stock option acquisition |
| 02/21/2026 | 40% of stock options vest |
| 02/21/2027 | 30% of stock options vest |
| 02/21/2028 | 30% of stock options vest |
| 02/21/2035 | Expiration date of stock options |
| 02/25/2025 | Date of Form 4 signature |
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