Form 4: 1-800 FLOWERS Director Larry Zarin Acquires Shares as Part of Compensation Package

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

Summary

• Larry Zarin, 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.
• The grant vests on the first anniversary of the grant date.
• Following this transaction, Mr. Zarin directly owns 70,234 shares of 1-800 FLOWERS Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. 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 commitment from the director.

Future Outlook

The shares will vest on the first anniversary of the grant date.

Industry Context

This is a standard practice for compensating non-employee directors in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Many publicly traded companies use stock grants as part of their compensation packages for non-employee directors.
• The vesting period of one year is a common practice to ensure long-term commitment.
• The value of the grant, $100,000, is within the typical range for director compensation at similar companies.

Stakeholder Impact

• Shareholders may view this positively as it aligns the director's interests with the company's performance.
• The director is incentivized to contribute to the company's success due to the vesting of the shares.

Key Dates

Keywords

1-800 FLOWERS, Director Compensation, Stock Acquisition, Form 4, Larry Zarin, Class A Common Stock, Restricted Shares