Noble Iron Awards Founder Kassam 500,000 Stock Options
Noble Iron awarded Nabil Kassam, the company’s founder, chairman and CEO, 500,000 stock options with a strike price of $1.30 per share and a vesting period of three years.
Noble Iron awarded Nabil Kassam, the company’s founder, chairman and CEO, 500,000 stock options with a strike price of $1.30 per share and a vesting period of three years. The company awarded 100,000 stock options to independent directors as the equity component of the board’s compensation for 2015.
The options awarded to directors have a strike price of $1 per share and vest immediately upon grant. Noble Iron also awarded 10,000 options with a strike price of $1 and a vesting period of three years to a member of Noble Iron’s management team.
All the stock options awarded have an expiration period of 10 years following the date of the grant.
Noble Iron’s equipment rental and dealership operations do business under the name Noble Iron and serve customers in California and Texas. Noble Iron is an exclusive distributor of LiuGong Construction Machinery equipment and Allied Construction Products in Southeast Texas.
Noble Iron also owns Texada Software.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.
