Form 4: Cadre Holdings CEO Warren Kanders Reports Stock Transactions
SEC Form 4
Warren Kanders, CEO and Chairman of Cadre Holdings, reports the vesting of restricted stock units and associated tax withholding.
Summary
- On March 9, 2024, Warren Kanders, CEO and Chairman of Cadre Holdings, had 10,417 restricted stock units vest, converting into common stock.
- The company withheld 2,537 shares to cover tax obligations related to the vesting at a price of $38.46 per share.
- Following these transactions, Kanders directly owns 15,759 shares of common stock.
- Kanders also indirectly owns 13,623,045 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 shares held by Kanders SAF, LLC and the Roth IRAs, except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- Tax withholding on vesting shares is a standard practice.
- The level of insider ownership is not unusual for a company where the CEO is also a significant shareholder.
Stakeholder Impact
- Shareholders are informed about the CEO's stock ownership and transactions.
- The vesting of restricted stock units is part of the executive compensation plan, impacting employee benefits.
Key Dates
| Date | Description |
|---|---|
| 03/09/2022 | Date of original grant of restricted stock units under the 2021 Stock Incentive Plan. |
| 03/09/2023 | 10,416 restricted shares of Common Stock vested and became non-forfeitable. |
| 03/09/2024 | 10,417 restricted shares of Common Stock vested and became non-forfeitable; tax withholding occurred. |
| 03/09/2025 | 10,417 restricted shares of Common Stock will vest and become non-forfeitable. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.