Form 4: 1-800-FLOWERS Director Adam Hanft Acquires Shares as Part of Compensation Package

Director Adam Hanft acquired 12,150 shares of 1-800-FLOWERS Class A Common Stock as part of his annual compensation package.

Summary

• Adam Hanft, a director at 1-800-FLOWERS, acquired 12,150 shares of Class A Common Stock on December 11, 2024.
• These shares were granted as part of his annual compensation package as a non-employee director.
• The shares were valued at $0 at the time of acquisition, as they are restricted shares.
• Following this transaction, Mr. Hanft beneficially owns 37,987 shares of 1-800-FLOWERS stock.
• The shares vest on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates alignment of interests with shareholders.
• The compensation structure incentivizes long-term value creation as the shares vest after one year.

Industry Context

This is a standard practice for compensating non-employee directors, aligning their interests with the company's performance and shareholder value.

Comparison to Industry Standards

• Many public companies use stock grants as part of their compensation packages for non-employee directors.
• The vesting period of one year is also a common practice to ensure long-term commitment.
• The valuation of the grant at $100,000 based on the stock price at the annual meeting is a typical method for determining the number of shares granted.

Stakeholder Impact

• The stock acquisition by a director can be viewed positively by shareholders as it aligns interests.
• The vesting period encourages long-term value creation, which benefits shareholders.

Key Dates

Keywords

1-800-FLOWERS, Director, Adam Hanft, Stock Acquisition, Compensation, Class A Common Stock, Restricted Shares, Beneficial Ownership