Form 4: Mannatech Director Kevin Andrew Robbins Acquires 5,000 Stock Options
SEC Form 4 Filing
Director Kevin Andrew Robbins acquired 5,000 stock options in Mannatech Inc. on June 12, 2024.
Summary
- On June 12, 2024, Kevin Andrew Robbins, a director of Mannatech Inc. (MTEX), acquired 5,000 stock options.
- The options have an exercise price of $8.
- One-third of the options vest immediately, another third vest on the first anniversary of the grant date, and the final third vest on the second anniversary.
- The options expire on June 12, 2034.
- Following the transaction, Robbins directly owns 15,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company directors and officers.
Stakeholder Impact
- The transaction could be of interest to shareholders as it provides insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Kevin Andrew Robbins acquired 5,000 stock options. |
| 06/12/2034 | Expiration date of the stock options. |
| 06/14/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.