Form 4: Cadiz Inc. Director Maria S. Dreyfus Acquires Shares as Compensation
SEC Form 4
Director Maria S. Dreyfus acquired 3,585 shares of Cadiz Inc. stock as compensation for services rendered.
Summary
- Maria S. Dreyfus, a director at Cadiz Inc., acquired 3,585 shares of common stock on January 2, 2025.
- These shares were issued under the 2019 Equity Incentive Plan in lieu of cash compensation for her services as a director during the three-month period beginning January 1, 2025.
- The shares were acquired at a price of $5.23 per share.
- Additionally, Ms. Dreyfus has 8,174 shares allocated to her under the same plan for services rendered during the 12-month period ended June 30, 2024, which will vest and be issued on January 31, 2025.
- Following the reported transaction, Ms. Dreyfus beneficially owns 153,821 shares.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no indications of negative sentiment.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
- The use of equity as compensation aligns the director's interests with those of shareholders.
Industry Context
This is a standard practice for compensating board members, aligning their interests with the company's performance and shareholder value.
Comparison to Industry Standards
- Equity compensation for board members is a common practice across various industries.
- The specific amount and vesting schedule may vary based on company size, performance, and industry norms.
- Many companies use similar equity incentive plans to attract and retain qualified directors.
Stakeholder Impact
- Shareholders may view this positively as it aligns director interests with company performance.
- Employees may see this as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the stock acquisition by Maria S. Dreyfus. |
| 01/06/2025 | Date of signature on the SEC Form 4. |
| 01/31/2025 | Date when 8,174 allocated shares will vest and be issued to Maria S. Dreyfus. |
Keywords
Cadiz Inc., Maria S. Dreyfus, director, stock acquisition, equity compensation, beneficial ownership, 2019 Equity Incentive Plan
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