Form 4: Byrna COO Brasseur Files Future RSU Transaction

Byrna Technologies Inc. COO John Brasseur filed a Form 4 detailing the future vesting of 15,000 restricted stock units and subsequent share forfeiture for tax obligations on October 18, 2025.

Summary

• John Brasseur, Chief Operating Officer of Byrna Technologies Inc. (BYRN), filed a Form 4 disclosing a future transaction under a Rule 10b5-1 plan.
• On October 18, 2025, 15,000 restricted stock units (RSUs) are scheduled to vest and settle into shares of common stock.
• Following the vesting, 4,102 shares of common stock will be forfeited to cover withholding tax obligations.
• The shares forfeited for tax purposes were valued at $21.16 per share, based on the prior day's closing price.
• The net number of shares to be issued to Mr. Brasseur after tax withholding will be 10,898 (15,000 4,102).
• After these transactions, Mr. Brasseur's direct beneficial ownership of common stock will be 19,966 shares, and he will beneficially own 25,000 derivative securities (likely remaining RSUs).

Sentiment

Score: 5

Explanation: The transaction is a routine vesting and tax-related disposition of restricted stock units by an insider, which is a neutral event and part of standard executive compensation.

Positives

• The vesting of restricted stock units aligns the Chief Operating Officer's interests with long-term shareholder value, as equity compensation matures.
• The transaction is part of a pre-arranged Rule 10b5-1 plan, indicating a structured approach to equity management by the insider.

Negatives

• A portion of the vested shares (4,102 shares) will be disposed of to cover tax obligations, resulting in a reduction of direct share ownership.

Future Outlook

The filing details a pre-scheduled future transaction related to equity compensation, specifically the vesting of restricted stock units and subsequent tax withholding, set to occur on October 18, 2025.

Industry Context

This is a routine insider transaction related to equity compensation, common across all industries for publicly traded companies. It does not reflect broader industry trends but rather the individual compensation structure for an executive.

Related Party Transactions

• The vesting and settlement of restricted stock units are part of the company's equity compensation plan for its Chief Operating Officer, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and is unlikely to have a significant direct impact on shareholders. It reflects the ongoing alignment of management incentives with company performance.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Keywords

Byrna Technologies, BYRN, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Vesting, Equity Compensation, Tax Withholding, John Brasseur, Chief Operating Officer, Rule 10b5-1 Plan