SCHEDULE: CEO Jagid Boosts Stake in Atlantic International Corp.
Beneficial Ownership Update
Atlantic International Corp. CEO Jeffrey Jagid increased his beneficial ownership to 13.8% through vested restricted stock units and new stock option awards.
Summary
- Jeffrey Jagid, CEO and Director of Atlantic International Corp., beneficially owns 8,221,025 shares, representing 13.8% of the company's common stock.
- This ownership is based on 58,525,488 shares issued and outstanding as of January 1, 2026.
- On January 1, 2026, 5,551,223 shares of common stock vested from restricted stock units granted under the Issuer's 2025 Omnibus Equity Incentive Plan.
- Of the vested shares, 1,665,367 shares were retained by Atlantic International Corp. to cover tax liabilities, resulting in a net issuance of 3,885,856 shares to Mr. Jagid.
- On January 5, 2026, the Board of Directors awarded Mr. Jagid incentive stock options to purchase 1,000,000 shares of common stock at an exercise price of $1.33 per share.
- These incentive stock options will be exercisable in their entirety six months from the date of grant.
Sentiment
Score: 7
Explanation: The increase in CEO beneficial ownership and the award of new stock options generally signal strong insider confidence, which is a positive indicator. The tax retention is a neutral event, reflecting standard compensation practices.
Positives
- Increased beneficial ownership by the CEO, Jeffrey Jagid, to 13.8% signals strong insider confidence in Atlantic International Corp.'s future prospects.
- The award of 1,000,000 incentive stock options aligns management's interests with shareholder value creation.
Negatives
- The retention of 1,665,367 shares by the Issuer to cover tax liability for Mr. Jagid's vested restricted stock units represents a significant tax event.
Future Outlook
The CEO's incentive stock options, exercisable six months from January 5, 2026, indicate a future opportunity for Mr. Jagid to increase his direct shareholding, contingent on the company's stock performance relative to the $1.33 exercise price.
Management Comments
- Jeffrey Jagid, as CEO and Director, has increased his beneficial ownership in Atlantic International Corp. to 13.8% of the common stock.
- Mr. Jagid received a net of 3,885,856 shares from vested restricted stock units and was awarded 1,000,000 incentive stock options.
Industry Context
This filing, detailing an increase in CEO ownership, primarily reflects insider confidence rather than providing insights into broader industry trends or competitive positioning. Increased insider stakes are often viewed positively by the market as a sign that leadership believes in the company's future performance.
Legal Proceedings
- No criminal proceedings to be disclosed for Jeffrey Jagid.
- No civil proceedings to be disclosed for Jeffrey Jagid.
Related Party Transactions
- Vesting of 5,551,223 restricted stock units to CEO Jeffrey Jagid under the Issuer's 2025 Omnibus Equity Incentive Plan.
- Award of 1,000,000 incentive stock options to CEO Jeffrey Jagid by the Board of Directors.
Stakeholder Impact
- Shareholders may view the increased insider ownership as a positive signal of management's commitment and belief in the company's long-term value.
- The award of incentive stock options aligns the CEO's financial interests with the performance of the company's stock, potentially benefiting shareholders if the stock price appreciates.
Next Steps
- The incentive stock options awarded to Mr. Jagid will become exercisable on July 5, 2026.
Key Dates
| Date | Description |
|---|---|
| 01/01/2026 | Date when 5,551,223 shares of common stock vested upon exercise of restricted stock units for Mr. Jagid. |
| 01/05/2026 | Date when the Board of Directors awarded Mr. Jagid incentive stock options to purchase 1,000,000 shares. |
| 07/05/2026 | Date when the 1,000,000 incentive stock options awarded on January 5, 2026, become exercisable in their entirety. |
Keywords
Atlantic International Corp, Jeffrey Jagid, Beneficial Ownership, Insider Ownership, Restricted Stock Units, Stock Options, Equity Incentive Plan, Corporate Governance
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