Joseph L. Cafarchio, EVP of Meridian Corp, just received 5,000 options from the company. The strike price of the options received was $31.85, and these expire on August 22, 2032. Cafarchio now owns at least 5,000 options on the company.
Some additional info was provided as follows:
The options vest 25% at the date of each grant and then in three equal annual installments beginning on the 1 year anniversary of each grant.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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