Form 4: Cadre Holdings CFO Blaine Browers Reports Stock Transactions
SEC Form 4 Filing
Blaine Browers, CFO of Cadre Holdings, reports the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- On March 13, 2024, Blaine Browers, the CFO of Cadre Holdings, had 3,391 restricted stock units vest, converting into common stock.
- The CFO also had 1,333 shares of common stock withheld by the company to cover tax obligations related to the vesting of the restricted stock units at a price of $39.49 per share.
- Following these transactions, Browers directly owns 74,317 shares of Cadre Holdings common stock and 6,786 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation.
Future Outlook
The document indicates that additional restricted stock units will vest on March 13, 2025, and March 13, 2026.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Date of original grant of restricted stock units under the Issuer's 2021 Stock Incentive Plan. |
| 03/13/2024 | Date of vesting of 3,391 restricted stock units and tax withholding. |
| 03/13/2025 | Date on which 3,393 restricted shares of Common Stock will vest and become non-forfeitable. |
| 03/13/2026 | Date on which 3,393 restricted shares of Common Stock will vest and become non-forfeitable. |
| 03/15/2024 | Date of signature of the Form 4 filing. |
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