4/A: Cadre Holdings CEO Warren Kanders Amends Filing to Correct Stock Option and RSU Grants
SEC Filing
Warren Kanders, CEO and Chairman of Cadre Holdings, files an amended Form 4 to correct the number of stock options and restricted stock units (RSUs) granted on March 13, 2025.
Summary
- Warren Kanders, CEO and Chairman of Cadre Holdings, filed an amended Form 4 with the SEC on April 24, 2025.
- The amendment corrects the number of stock options and restricted stock units (RSUs) granted on March 13, 2025, which were initially reported in a previous filing on March 17, 2025.
- The corrected filing shows that Kanders was granted options to purchase 117,457 shares of Cadre Holdings' common stock at an exercise price of $33.85.
- These options vest in three tranches: 39,153 shares on March 13, 2026, 39,152 shares on March 13, 2027, and 39,152 shares on March 13, 2028.
- Kanders also received 37,666 restricted stock units (RSUs), which will vest in three tranches: 12,556 shares on March 13, 2026, 12,555 shares on March 13, 2027, and 12,555 shares on March 13, 2028.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply corrects previously reported information about executive compensation.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Stock option and RSU grants are common forms of executive compensation in publicly traded companies.
- Vesting schedules of three years are typical to incentivize long-term performance.
- The specific amounts and terms of the grants would need to be compared to peer companies in the security and defense industry to assess their competitiveness.
Stakeholder Impact
- The corrected information provides greater transparency to shareholders regarding executive compensation.
- The vesting schedule incentivizes the CEO to focus on long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of the original transaction (grant of stock options and RSUs) |
| 03/17/2025 | Date of original Form 4 filing |
| 03/13/2026 | First vesting date for stock options (39,153 shares) and RSUs (12,556 shares) |
| 03/13/2027 | Second vesting date for stock options (39,152 shares) and RSUs (12,555 shares) |
| 03/13/2028 | Third vesting date for stock options (39,152 shares) and RSUs (12,555 shares) |
| 04/24/2025 | Date of amended Form 4/A filing |
Keywords
Form 4, Cadre Holdings, Warren Kanders, Stock Options, Restricted Stock Units, Amendment, SEC Filing, CDRE
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