Form 4: Cadre Holdings CEO Kanders Reports RSU Vesting, Tax Withholding

Cadre Holdings CEO and Chairman Warren B. Kanders reported the vesting of restricted stock units and associated tax withholdings on March 13, 2026.

Summary

• Warren B. Kanders, CEO and Chairman of Cadre Holdings, Inc. (CDRE), reported transactions related to his beneficial ownership.
• On March 13, 2026, 11,455 shares of Common Stock vested from a 2023 Restricted Stock Award.
• Concurrently, 4,508 shares were disposed of at $31.65 to cover tax withholding obligations related to the 2023 award vesting.
• Also on March 13, 2026, 12,556 shares of Common Stock vested from a 2025 Restricted Stock Award.
• An additional 4,941 shares were disposed of at $31.65 to satisfy tax withholding obligations for the 2025 award vesting.
• Following these transactions, Mr. Kanders directly beneficially owns 16,108 shares of Common Stock.
• Indirect beneficial ownership includes 10,117,039 shares through Kanders SAF, LLC, 1,305,650 shares through Warren B. Kanders Roth IRA, and 23,450 shares through Allison Kanders Roth IRA.
• A total of 25,110 Restricted Stock Units from the 2025 award remain unvested.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine executive compensation and retention. The vesting of RSUs is an expected part of an executive's compensation package, and the associated tax withholding is a standard procedure. The continued significant indirect ownership is a positive for alignment.

Positives

• The vesting of 24,011 restricted stock units (11,455 from 2023 award and 12,556 from 2025 award) indicates continued compensation and retention of a key executive.
• The executive's significant indirect beneficial ownership, totaling 11,446,139 shares, aligns his interests with long-term shareholder value.

Negatives

• A total of 9,449 shares (4,508 + 4,941) were disposed of to cover tax withholding obligations, representing a reduction in direct shareholding from the vested awards.

Risks

• NA

Future Outlook

The filing indicates future vesting events for the 2025 Restricted Stock Award, with 12,555 shares scheduled to vest on March 13, 2027, and another 12,555 shares on March 13, 2028, suggesting a continued long-term incentive structure for the CEO.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities.

Industry Context

StockSavvy.ai notes that routine Form 4 filings detailing RSU vesting and tax withholdings are common for executives in publicly traded companies across various industries. This particular filing reflects standard executive compensation practices at Cadre Holdings, Inc., a company operating in the safety and survivability products sector.

Comparison to Industry Standards

• Executive compensation structures involving restricted stock units with multi-year vesting schedules are a standard practice in the U.S. market, aligning executive incentives with long-term company performance.
• The practice of withholding shares to cover tax obligations upon vesting is also a common and efficient method for executives to manage their tax liabilities without requiring personal cash outlays.
• The significant indirect ownership held by Mr. Kanders, particularly through entities like Kanders SAF, LLC, is typical for founders or long-standing executives who have accumulated substantial equity over time, similar to figures at companies like Axon Enterprise (AXON) or Vista Outdoor (VSTO) in related defense/outdoor sectors, where executive ownership often remains high.

Related Party Transactions

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

Stakeholder Impact

• Shareholders: The vesting and retention of shares by the CEO can be seen as a positive for aligning management interests with shareholder value. The tax-related sales are routine and not indicative of a lack of confidence.
• Employees: The executive compensation structure, including RSU awards, sets a precedent for incentive programs within the company.

Next Steps

• 12,555 shares from the 2025 Restricted Stock Award are scheduled to vest on March 13, 2027.
• Another 12,555 shares from the 2025 Restricted Stock Award are scheduled to vest on March 13, 2028.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (RSU vesting and tax withholding) and does not provide new fundamental information about Cadre Holdings' operational performance or strategic direction. While the continued significant ownership by the CEO is a positive for alignment, the transactions themselves are expected and do not warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

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