Form 4: Ammo Inc. Director Richard Reed Childress Receives Stock Grant
SEC Form 4 Filing
Director Richard Reed Childress received 10,000 shares of AMMO, Inc. common stock as part of his board compensation.
Summary
- On June 20, 2024, Richard Reed Childress, a director of AMMO, Inc., acquired 10,000 shares of common stock.
- The shares were granted as part of the quarterly compensation for board service.
- Following the transaction, Childress directly owns 287,500 shares of AMMO, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to director compensation, and does not contain any information that would significantly impact sentiment.
Positives
- The grant of shares to a director aligns their interests with those of the shareholders.
Industry Context
Stock grants to board members are a common practice in corporate governance to align the interests of directors with those of shareholders.
Stakeholder Impact
- The stock grant aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of stock grant transaction |
| 06/24/2024 | Date of Form 4 filing |
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