Form 4: Cadiz Inc. CFO Stanley E. Speer Reports Stock Vesting and Share Issuance
SEC Form 4 Filing
Cadiz Inc. CFO Stanley E. Speer reports the vesting of restricted stock units and subsequent issuance of common stock to cover tax obligations.
Summary
- On March 15, 2024, Stanley E. Speer, CFO of Cadiz Inc., reported a transaction involving the vesting of 42,500 restricted stock units (RSUs).
- As a result of the vesting, 20,124 shares of common stock were issued to Speer after withholding for taxes.
- Following the transaction, Speer directly owns 79,708 shares of Cadiz Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The issuance of new shares may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Vesting of restricted stock units and issuance of common stock. |
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