Form 4: AstroNova Director Darius Nevin Receives Restricted Stock Award
Insider Transaction Report
AstroNova, Inc. Director Darius G. Nevin was granted 3,548 shares of common stock as a restricted stock award, increasing his total beneficial ownership to 4,313 shares.
Summary
- Darius G. Nevin, a Director of AstroNova, Inc. (ALOT), received a restricted stock award.
- The award consisted of 3,548 shares of common stock.
- The transaction occurred on June 10, 2025.
- The shares were granted at a price of $0, indicating an award rather than a purchase.
- Following this transaction, Mr. Nevin beneficially owns a total of 4,313 shares of AstroNova common stock.
- The award was made pursuant to the Amended and Restated Non-Employee Director Annual Compensation Program.
- A Power of Attorney dated April 30, 2025, authorizes Thomas D. DeByle, Matthew Cook, Andrea McKenna, Michelle Lombardo, and Daniel S. Clevenger to execute and file SEC Forms 3, 4, and 5 on behalf of Mr. Nevin.
Sentiment
Score: 6
Explanation: The filing reports a routine restricted stock award to a director, which is a common form of compensation aligning director interests with shareholders. It does not contain any negative or highly positive operational or financial news.
Positives
- The granting of restricted stock to a director aligns the director's interests with those of the shareholders, promoting long-term value creation.
- The award is part of a structured Amended and Restated Non-Employee Director Annual Compensation Program, indicating a formal approach to director remuneration.
Future Outlook
NA
Management Comments
- The restricted stock award was made to the reporting person pursuant to the Amended and Restated Non-Employee Director Annual Compensation Program.
Industry Context
This filing is a routine insider transaction report detailing a director's compensation through equity, and as such, it does not provide broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation Program | Restricted stock award made pursuant to the Amended and Restated Non-Employee Director Annual Compensation Program. | 06/10/2025 | Aligns director's interests with long-term shareholder value by increasing equity ownership. |
| Power of Attorney Authorization | Authorization of specific individuals (Thomas D. DeByle, Matthew Cook, Andrea McKenna, Michelle Lombardo, Daniel S. Clevenger) to execute and file SEC Forms 3, 4, and 5 on behalf of Darius G. Nevin. | 04/30/2025 | Streamlines compliance with Section 16 reporting requirements for the director, ensuring timely and accurate filings. |
Related Party Transactions
- Restricted stock award of 3,548 shares to Director Darius G. Nevin as part of his compensation under the Amended and Restated Non-Employee Director Annual Compensation Program.
Stakeholder Impact
- Shareholders: The award increases the director's equity stake, further aligning his financial interests with the long-term performance and value creation for shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of the Power of Attorney authorization for filing SEC forms on behalf of Darius G. Nevin. |
| 06/10/2025 | Date of the restricted stock award transaction to Darius G. Nevin. |
| 06/12/2025 | Date the Form 4 was signed by Power of Attorney. |
Keywords
AstroNova, ALOT, Form 4, SEC filing, insider transaction, restricted stock, stock award, director compensation, beneficial ownership
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