Form 4: Legacy Education Inc. Executive Granted Stock Options
SEC Form 4
Ragheb Milad, Chief Academic Officer of Legacy Education Inc., was granted options to purchase 87,209 shares of the company's common stock.
Summary
- On April 2, 2025, Ragheb Milad, the Chief Academic Officer of Legacy Education Inc., received options to buy 87,209 shares of the company's common stock.
- The options have an exercise price of $7.25.
- These options were granted under the company's Amended and Restated 2021 Equity Incentive Plan.
- The options will vest in equal monthly installments over a three-year period, starting on the grant date.
- Following this transaction, Milad directly owns 240,762 shares of Legacy Education Inc.
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock option grants, which is generally neutral. It indicates that the company is using standard compensation practices to incentivize its executives.
Positives
- The grant of stock options to a key executive aligns their interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the Chief Academic Officer.
Industry Context
Stock option grants are a common practice to incentivize executives and align their interests with shareholders in publicly traded companies.
Stakeholder Impact
- Shareholders may view the option grant positively as it incentivizes the Chief Academic Officer.
- Employees may see this as a positive sign of investment in leadership.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of the option grant to Ragheb Milad. |
| 04/02/2025 | First vesting date of the options. |
| 04/04/2025 | Date of the Form 4 filing. |
| 04/02/2035 | Expiration date of the options. |
Keywords
stock options, Legacy Education Inc., Ragheb Milad, Chief Academic Officer, equity incentive plan, beneficial ownership, Form 4
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