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CHANTILLY, VA—Amentum Holdings, Inc. (NYSE:AMTM), a Delaware-incorporated business services provider with an $8.39 billion revenue base and $4.75 billion market capitalization, has announced the approval of a significant equity award to its Chief Executive Officer, John Heller. The Compensation Committee of the Board of Directors of Amentum Holdings made the decision on Monday.
The equity award consists of 1,373,955 stock options and 155,938 restricted stock units (RSUs). This grant aims to compensate for the value of Mr. Heller’s previous equity awards that were affected by the company’s transition to a publicly-traded entity. The stock options have an exercise price of $22.71, compared to the current trading price of $20.01, and will expire on the fourth anniversary of the grant date. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics, despite falling 33.8% over the past six months.
Both the options and RSUs are scheduled to vest over three years, with a portion becoming exercisable on each anniversary of the grant date. Additionally, the vesting of these awards may be accelerated if Mr. Heller’s employment is terminated under qualifying conditions.
Details of the option award agreement were filed as Exhibit 10.1 in the company’s report. The RSU award is governed by an agreement previously filed on November 13, 2024, as Exhibit 10.2.
Amentum Holdings, which operates under the SIC code for ’Services-Business Services, NEC’ (7389), has its principal executive offices in Chantilly, Virginia. The company, formerly known as Amazon (NASDAQ:AMZN) Holdco Inc., changed its name on February 8, 2024.
The information regarding the executive compensation arrangements was disclosed in a Form 8-K filed with the Securities and Exchange Commission as of today, based on a press release statement. InvestingPro data reveals the company maintains healthy liquidity with a current ratio of 1.57, while analysts project profitability this year. Get access to 8 additional key insights and comprehensive financial metrics with an InvestingPro subscription.
In other recent news, Amentum Holdings Inc. has been the focus of several major developments. The company’s robust revenue growth of 51.5% was highlighted, with Truist Securities maintaining a Buy rating on the stock and a price target of $31.00. In contrast, RBC Capital Markets initiated coverage with a Sector Perform rating and a price target of $24.00, citing potential growth limitations compared to its peers. Amentum also secured substantial contracts, including a $279 million contract from the U.S. Air Force, a $105 million contract from the U.S. Navy, and a $3 billion contract from the Department of Energy.
The company’s leadership team saw significant changes with the appointment of Jennifer Walsmith as President of its Intelligence & Cybersecurity business, Darren Burton as its new Chief People Officer, and Stephen A. Arnette as the new Chief Operating Officer. These are recent developments that may influence investment decisions. As always, investors are advised to rely on factual information and analyst prognostications when making their investment decisions.
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