Form 4: Director Receives Stock for Services
Statement of Changes in Beneficial Ownership
Barbara A. Lloyd, a director at Cadiz Inc., received 927 shares of common stock as compensation for services rendered.
Summary
- Barbara A. Lloyd, a director of Cadiz Inc., was issued 927 shares of common stock on April 1, 2026.
- These shares were issued under the 2019 Equity Incentive Plan, as amended.
- The issuance serves as compensation in lieu of cash for services provided as a director during the three-month period beginning April 1, 2026.
- The transaction price is noted as $5.055 per share.
- Following this transaction, Ms. Lloyd beneficially owns 22,272 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it represents a routine compensation transaction for a director rather than a significant financial event or strategic shift.
Positives
- Director compensation is being provided through equity, aligning director interests with shareholders.
- The company has a formal equity incentive plan in place for director compensation.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it pertains to a director's stock compensation.
Industry Context
StockSavvy.ai notes that the use of equity as compensation for directors is a common practice across many industries, including the water infrastructure and environmental solutions sector where Cadiz Inc. operates, aiming to align executive and director interests with long-term shareholder value.
Related Party Transactions
- Issuance of 927 shares of common stock to director Barbara A. Lloyd as compensation for services rendered.
Stakeholder Impact
- Shareholders: The issuance of stock for compensation can dilute existing share ownership, but also aligns director interests with long-term shareholder value.
- Employees: This filing does not directly impact employees, but reflects the company's compensation strategy.
- Creditors: No direct impact on creditors is indicated by this transaction.
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Transaction Date for issuance of common stock to Barbara A. Lloyd. |
| 04/01/2026 | Start of the 3-month period for which director services are compensated. |
| 04/03/2026 | Date of signature for the Form 4 filing. |
Keywords
Cadiz Inc., CDZI, Form 4, Director Compensation, Equity Incentive Plan, Barbara A. Lloyd, Common Stock
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