Form 4: Cadiz Inc. Director Stephen Courter Acquires Shares Under Equity Incentive Plan

Director Stephen Courter acquired 8,174 shares of Cadiz Inc. common stock on July 1, 2024, as part of the 2019 Equity Incentive Plan.

Summary

• On July 1, 2024, Stephen Courter, a director of Cadiz Inc., acquired 8,174 shares of common stock.
• The acquisition was part of the 2019 Equity Incentive Plan.
• The shares were allocated for services rendered as a director for the 12-month period ending June 30, 2024.
• The price per share was $3.0584.
• The acquired shares will vest on January 31, 2025.
• Following the transaction, Courter directly owns 67,277 shares of Cadiz Inc.

Sentiment

Score: 7

Explanation: Routine transaction indicating continued director involvement and alignment with company goals. The sentiment is neutral to slightly positive.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The equity incentive plan aligns the director's interests with those of the shareholders.

Industry Context

This is a standard transaction related to director compensation and equity ownership, common in publicly traded companies to align management and shareholder interests.

Stakeholder Impact

• The transaction signals to shareholders that the director is invested in the company's future.

Key Dates