Form 4: Ammo Inc. Director Russell William Wallace Jr. Acquires 15,000 Shares as Part of Board Compensation

Director Russell William Wallace Jr. acquired 15,000 shares of Ammo Inc. common stock on July 11, 2024, as part of his quarterly compensation for Board service.

Summary

• On July 11, 2024, Russell William Wallace Jr., a director of AMMO, Inc., acquired 15,000 shares of common stock.
• The acquisition was a grant of shares received as part of the director's quarterly compensation for serving on the Board.
• The price per share for this acquisition was $0, indicating it was a grant.
• Following the transaction, Wallace Jr. directly owns 575,000 shares of AMMO, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice, indicating confidence from the director in the company's future.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Director share acquisitions are common and often viewed positively, reflecting alignment between management and shareholder interests. This is a standard practice for compensating board members.

Comparison to Industry Standards

• Director compensation packages often include stock grants to align their interests with shareholders, similar to practices at companies like Smith & Wesson Brands, Inc. (SWBI) and Sturm, Ruger & Co. (RGR).
• The size of the grant is typical for board compensation in similarly sized companies.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates