David D Dunlap, Superior Energy Services's President and CEO and a director of the company, just received 514,146 options and restricted shares from the company. The strike prices of the options received ranged from $0.00 to $4.36, and these expire on January 15, 2029. The restricted shares don't become available to Dunlap until such time as they become vested. Dunlap now has at least 259,146 options, and at least 255,000 restricted shares.
Some additional info was provided as follows:
Each restricted stock unit represents a right to receive one share of the Issuer's common stock.
The restricted stock units vest in 1/3 annual increments beginning on January 15, 2020 and ending on the second anniversary thereof.
The stock options are exercisable in 1/3 annual inc
rements beginning on the date indicated and ending on the second anniversary thereof.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Other definitive proxy statements - Nov. 22, 2019