Ali Erfan, Director at Gatos Silver (NYSE:GATO), reported a large acquisition of company stock options on September 13, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Erfan, Director at Gatos Silver, a company in the Materials sector, was just awarded stock options worth 12,545 shares of GATO. The options give Erfan the right to buy the company's stock at $5.04 per share.
Gatos Silver shares are trading up 5.73% at $5.9 at the time of this writing on Thursday morning. Since the current price is $5.9, this makes Erfan's 12,545 shares worth $74,015.