Form 4: Cadiz Inc. Director Acquires Shares

Cadiz Inc. director Maria S. Dreyfus acquired shares through equity incentive plan allocations and in lieu of cash compensation.

Summary

• Maria S. Dreyfus, a Director at Cadiz Inc., acquired 6,103 shares of common stock on June 30, 2026, valued at $4.10 per share, totaling 192,106 shares beneficially owned.
• An additional 4,464 shares were issued to Ms. Dreyfus on July 1, 2026, in lieu of cash compensation for her services as a director, valued at $4.20 per share, bringing her total beneficial ownership to 196,570 shares.
• The first acquisition of 6,103 shares was an allocation under the 2019 Equity Incentive Plan for services rendered as a director for the 12-month period ending June 30, 2026, with vesting scheduled for January 31, 2027.
• The second acquisition of 4,464 shares was issued under the 2019 Equity Incentive Plan, as amended, as compensation for director services during the three-month period beginning July 1, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it reports routine director compensation transactions and does not provide new financial information or strategic updates.

Positives

• Director compensation is being structured to align with equity ownership through incentive plans.
• The company is utilizing its equity to compensate directors for services rendered.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future financial performance. It primarily reports on past transactions related to director compensation.

Industry Context

StockSavvy.ai notes that the use of equity incentive plans for director compensation is a common practice across many industries, aiming to align director interests with those of shareholders and incentivize long-term value creation. This filing reflects standard corporate governance practices.

Stakeholder Impact

• Shareholders: The transactions reflect standard director compensation practices, potentially aligning director interests with long-term shareholder value through equity awards.

Key Dates

Keywords

Cadiz Inc., CDZI, Form 4, SEC Filing, Director Compensation, Equity Incentive Plan, Beneficial Ownership, Maria S. Dreyfus