Form 4: Cadre Holdings CEO Warren Kanders Gifts Shares to Charitable Organizations

Warren Kanders, CEO and Chairman of Cadre Holdings, reports gifting 128,886 shares of common stock to qualified charitable organizations on December 30, 2024.

Summary

• Warren Kanders, the CEO and Chairman of Cadre Holdings, Inc., filed a Form 4 on January 2, 2025, reporting changes in beneficial ownership.
• On December 30, 2024, Kanders gifted 128,886 shares of Cadre Holdings common stock to two qualified charitable organizations.
• The transaction was executed at a price of $0 per share, indicating a gift.
• Following the transaction, Kanders directly owns no shares and indirectly owns 11,266,192 shares through Kanders SAF, LLC, 1,305,650 shares through Warren B. Kanders Roth IRA and 23,450 shares through Allison Kanders Roth IRA.
• Kanders disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a transaction (gift of shares) without indicating positive or negative performance.

Positives

• The donation of shares to charitable organizations can be viewed positively from a corporate social responsibility perspective.

Industry Context

Executive gifting of shares to charitable organizations is a common practice.

Stakeholder Impact

• The donation of shares to charitable organizations may have a positive impact on the company's reputation.

Key Dates