Christopher J. Annas, Meridian Corp's Chairman & CEO and a director of the company, just received 20,000 options from the company. The strike price of the options received was $35.52, and these expire on February 28, 2032. Annas now owns at least 20,000 options on the company.
Some additional info was provided as follows:
25% OF THE OPTIONS VEST AT DATE OF GRANT AND THEN IN THREE EQUAL ANNUAL INSTALLMENTS BEGINNING ON THE 1 YEAR ANNIVERSARY OF THE GRANT.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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