Form 4: Atlantic International GC's Equity Changes

Atlantic International's General Counsel, Michael Tenore, reported the vesting of restricted stock units and the grant of new incentive stock options.

Summary

• Michael Tenore, General Counsel of Atlantic International Corp. (ATLN), reported changes in his beneficial ownership of company securities.
• He acquired 1,202,901 shares of common stock through the vesting of restricted stock units awarded under the Issuer's 2025 Omnibus Equity Incentive Plan.
• Of these, 360,870 shares were retained by the company to cover tax liability, resulting in a net issuance of 842,031 shares to Mr. Tenore.
• The shares were valued at $1.33 per share, based on the closing market price on December 31, 2025.
• Mr. Tenore also received a grant of 125,000 incentive stock options under the same plan, with an exercise price of $1.33 per share.
• These options will vest in their entirety six months from the grant date of January 5, 2026, and have an expiration date of July 5, 2031.
• Following these transactions, Mr. Tenore beneficially owns 1,843,725 shares of common stock and 125,000 incentive stock options.

Sentiment

Score: 6

Explanation: The filing reports routine executive compensation through equity awards, which is generally a neutral to slightly positive event as it aligns management incentives with company performance. There are no unexpected positive or negative financial outcomes disclosed.

Positives

• The vesting of restricted stock units and the grant of incentive stock options align management's interests with those of shareholders.
• The transactions are part of the company's 2025 Omnibus Equity Incentive Plan, indicating a structured approach to executive compensation.

Future Outlook

The incentive stock options granted to Michael Tenore will vest in their entirety six months from the grant date of January 5, 2026, indicating a future milestone for his equity compensation.

Management Comments

• The reported transactions represent shares of common stock vested upon exercise of restricted stock units awarded under the Issuer's 2025 Omnibus Equity Incentive Plan pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, and do not represent a discretionary transaction by a reporting person.
• Incentive stock options were granted under the Plan pursuant to Rule 16-b-3 under the Exchange Act and will vest in their entirety six months from the date of grant.

Industry Context

This Form 4 filing reflects a routine executive compensation event, common across publicly traded companies, where equity awards like restricted stock units and stock options are used to incentivize and retain key management personnel, aligning their long-term interests with company performance and shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased alignment of General Counsel's interests with shareholder value through equity ownership and options.
• Employees (Management): Reinforces the company's commitment to executive compensation and retention through equity incentive plans.

Next Steps

• The 125,000 incentive stock options granted on January 5, 2026, will vest in their entirety on July 5, 2026.

Key Dates

Keywords

Atlantic International Corp, ATLN, Form 4, Insider Transaction, Equity Incentive Plan, Restricted Stock Units, Stock Options, Executive Compensation, Beneficial Ownership