Form 4: Cadre Holdings CEO Kanders Exercises RSUs

Cadre Holdings CEO Warren B. Kanders acquired 2 million shares through RSU vesting and sold 787,000 shares for tax obligations.

Summary

• Warren B. Kanders, CEO and Chairman of Cadre Holdings, Inc., reported changes in beneficial ownership of common stock.
• On November 10, 2025, 2,000,000 restricted stock units (RSUs) previously granted under the Issuer's 2021 Stock Incentive Plan vested.
• The vesting occurred because the Fair Market Value of the Common Stock equaled or exceeded $40.00 per share for twenty consecutive trading days.
• Following the vesting, 2,000,000 shares of Common Stock were acquired by Mr. Kanders.
• Concurrently, 787,000 shares of Common Stock were disposed of at a price of $43.32 per share to satisfy tax withholding obligations related to the RSU vesting.
• After these transactions, Mr. Kanders directly owns 1,258,584 shares of Common Stock.
• Indirect ownership includes 10,216,192 shares via Kanders SAF, LLC, 1,305,650 shares via Warren B. Kanders Roth IRA, and 23,450 shares via Allison Kanders Roth IRA (spouse).

Sentiment

Score: 8

Explanation: The vesting of a significant RSU award is a positive indicator, demonstrating that the company's stock met a substantial performance threshold. The subsequent sale of shares for tax purposes is a routine and expected part of such transactions, not indicative of negative sentiment.

Positives

• The vesting of 2,000,000 restricted stock units indicates that Cadre Holdings' common stock met a significant performance threshold, reaching or exceeding $40.00 per share for twenty consecutive trading days.
• The substantial number of shares acquired through vesting demonstrates continued alignment of the CEO's interests with shareholder value.

Negatives

• A disposition of 787,000 shares, even for tax withholding purposes, reduces the direct beneficial ownership of the CEO.

Future Outlook

This filing does not contain forward-looking statements or guidance, as it primarily reports a past insider transaction.

Industry Context

This insider transaction report reflects a standard executive compensation event (RSU vesting) and does not provide broader industry context or trends.

Related Party Transactions

• Indirect beneficial ownership through Kanders SAF, LLC, where the reporting person is the sole manager and member.
• Indirect beneficial ownership through Warren B. Kanders Roth IRA.
• Indirect beneficial ownership through Allison Kanders Roth IRA, where Allison Kanders is the reporting person's spouse.

Stakeholder Impact

• Shareholders may view the RSU vesting as a positive sign of management's confidence and the company's stock performance, as it met a pre-defined price target.
• The transaction clarifies the CEO's direct and indirect holdings, providing transparency to investors.

Key Dates

Keywords

Cadre Holdings, CDRE, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Warren B. Kanders, Beneficial Ownership