Richard B Handler, an insider of Leucadia National Corporation, just received 2,506,266 options from the company. The strike price of the options received was $23.75, and these expire on December 05, 2030. Handler now owns at least 1,253,133 options on the company.
Some additional info was provided as follows:
Stock option becomes exercisable as to one-third of the underlying shares on each of the first three anniversaries of the date of grant.
Cash-settled stock appreciation right becomes exercisable as to one-third of the underlying shares on each of the first three anniversaries of the date of grant.
The stock option and stock appreciation right were granted for no cash consideration. The grant date fair value of the combined awards was estimated at $12.5 million.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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