Form 4: Butler National Corp CFO Adam Sefchick Reports Acquisition of 51,724 Shares
SEC Form 4 Filing
Adam Sefchick, CFO of Butler National Corp, reports acquiring 51,724 shares of company stock as compensation, vesting over three years.
Summary
- Adam Sefchick, the Chief Financial Officer of Butler National Corp, filed a Form 4 on May 21, 2025.
- The report indicates that Sefchick acquired 51,724 shares of Butler National Common Stock on May 15, 2025, as a compensation award.
- These shares were acquired at a price of $0.
- The shares will vest in three installments: 17,241 shares on May 1, 2026, 17,241 shares on May 1, 2027, and 17,242 shares on May 1, 2028.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing related to executive compensation. The vesting schedule suggests a long-term commitment.
Positives
- The acquisition of shares by a key executive could be seen as a positive sign of confidence in the company's future.
Future Outlook
The vesting schedule indicates a multi-year commitment from the CFO.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may view the CFO's increased stake as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Transaction date: Adam Sefchick acquired 51,724 shares of Butler National Common Stock. |
| 05/21/2025 | Date of Form 4 filing. |
| 05/01/2026 | First vesting date: 17,241 shares vest. |
| 05/01/2027 | Second vesting date: 17,241 shares vest. |
| 05/01/2028 | Third vesting date: 17,242 shares vest. |
Keywords
Form 4, insider trading, share acquisition, Adam Sefchick, Butler National Corp, BUKS, CFO, compensation
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