Form 4: AMMO, Inc. Executive Chairman Wagenhals Reports Stock Grant and Tax Withholding

Fred Wagenhals, Executive Chairman of AMMO, Inc., reports receiving 55,000 shares of common stock as part of his compensation and the subsequent withholding of 1,211 shares for tax obligations.

Summary

• On June 20, 2024, Fred Wagenhals, the Executive Chairman of AMMO, Inc., acquired 55,000 shares of common stock as part of his quarterly compensation.
• These shares were granted as compensation for his role as Executive Chairman (45,000 shares) and for his service on the Board of Directors (10,000 shares).
• On the same day, 1,211 shares were withheld by AMMO, Inc. to cover tax obligations related to the stock grant at a price of $1.87 per share.
• Following these transactions, Wagenhals beneficially owns 7,120,489 shares of AMMO, Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of executive compensation and tax withholding, with no inherently positive or negative implications.

Positives

• The stock grant reflects ongoing compensation for the Executive Chairman's services.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding executive pay and alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation packages, including stock grants, are common practice among publicly traded companies to incentivize and retain key personnel.
• Companies like Vista Outdoor, Olin Corporation, and Sturm, Ruger & Co. also utilize stock-based compensation as part of their executive pay structures.
• The size and structure of the stock grant are likely determined by AMMO, Inc.'s compensation committee, benchmarked against industry peers and company performance.

Stakeholder Impact

• Shareholders are informed about executive compensation practices.
• Employees may view the stock grant as a positive sign of company leadership's alignment with company success.

Key Dates