Form 4: Butler National Corp Vice President Acquires Shares Through Incentive Program

Joe Aric Peters, a Vice President at Butler National Corp, acquired 8,670 shares of common stock at $1.73 per share as part of a long-term incentive program.

Summary

• Joe Aric Peters, a Vice President at Butler National Corp, has reported a transaction involving the acquisition of company stock.
• The transaction occurred on January 7, 2025, where Mr. Peters acquired 8,670 shares of Butler National common stock at a price of $1.73 per share.
• These shares were acquired as part of a long-term incentive program approved by the Compensation Committee.
• Mr. Peters also indirectly owns 1,305,373 shares through a 401(k) profit sharing plan.
• The reported transaction increased Mr. Peters' direct holdings to 623,670 shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects an executive's confidence in the company through stock acquisition, which is part of a standard incentive program.

Positives

• The acquisition of shares by a company officer demonstrates confidence in the company's future.
• The long-term incentive program aligns management's interests with those of shareholders.

Industry Context

This type of transaction is common for executives as part of their compensation packages and is a standard practice in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice across various industries, particularly for executive-level employees.
• Many companies use restricted stock units (RSUs) or stock options as part of their long-term incentive plans, similar to the program described in this document.
• The vesting schedule of one-third upon grant and one-third annually is a typical vesting structure for these types of awards.
• Companies like Lockheed Martin, Boeing, and General Dynamics also use similar long-term incentive programs for their executives.

Stakeholder Impact

• The stock acquisition by a company officer may positively influence investor confidence.
• The long-term incentive program aligns management's interests with those of shareholders.

Key Dates

Keywords

insider trading, stock acquisition, incentive program, executive compensation, share ownership, Butler National Corp, BUKS