Form 4: Cadre Holdings CEO Warren Kanders Reports Stock Transactions

Warren Kanders, CEO and Chairman of Cadre Holdings, reports the vesting of restricted stock units, tax withholding, and grant of stock options.

Summary

• On March 13, 2025, Warren Kanders, CEO and Chairman of Cadre Holdings, had restricted stock units vest, resulting in the acquisition of 11,455 shares.
• The company withheld 2,961 shares to cover tax obligations at a price of $34.91 per share.
• Kanders also acquired 116,865 stock options and 37,423 restricted stock units.
• Following these transactions, Kanders directly owns 38,804 shares of Common Stock.
• He also 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.
• The stock options vest in three equal installments on March 13, 2026, March 13, 2027, and March 13, 2028.
• The restricted stock units vest in three installments on March 13, 2026 (12,475 shares), March 13, 2027 (12,474 shares), and March 13, 2028 (12,474 shares).

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider transactions, which are generally viewed neutrally to positively as they align management with shareholder interests.

Positives

• The vesting of restricted stock units and granting of stock options align management's interests with shareholders.

Future Outlook

The document outlines future vesting dates for restricted stock units and stock options, indicating continued equity-based compensation for the CEO.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.

Comparison to Industry Standards

• Equity compensation practices, such as granting stock options and restricted stock units, are common among publicly traded companies to incentivize executives.
• The vesting schedules outlined in the document are typical for such awards, often spanning multiple years to encourage long-term commitment.
• Comparing the size of the grants to those of executives at similar companies like Smith & Wesson Brands, Inc. or Sturm, Ruger & Co. would provide further context.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's value.
• Employees may be impacted by the overall financial health and performance of the company, which can be influenced by executive compensation.

Key Dates