Form 4: Mannatech CFO Acquires Stock Options
SEC Form 4 Filing
James Clavijo, CFO of Mannatech, acquired 4,500 stock options on July 1, 2024, at an exercise price of $6.79.
Summary
- On July 1, 2024, James Clavijo, the Chief Financial Officer of Mannatech Inc. (MTEX), acquired 4,500 stock options.
- The exercise price for these options is $6.79 per share.
- The options vest in three tranches: one-third on the grant date, one-third on the first anniversary, and the remaining one-third on the second anniversary of the grant date.
- Following the transaction, Clavijo directly owns 4,500 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It provides transparency into the equity-based compensation of Mannatech's executives.
Stakeholder Impact
- The acquisition of stock options by the CFO could be viewed positively by shareholders as it aligns the executive's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: CFO acquired 4,500 stock options at $6.79. |
| 07/01/2024 | One-third of the stock options vest on the date of grant. |
| One year after 07/01/2024 | Another one-third of the stock options vest on the first anniversary of the date of grant. |
| Two years after 07/01/2024 | The remaining one-third of the stock options vest on the second anniversary of the date of grant. |
| 07/01/2034 | Expiration date of the stock options. |
| 07/03/2024 | Date of Form 4 filing. |
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