Form 4: Cadre Holdings CFO Blaine Browers Reports Stock Transactions

Blaine Browers, CFO of Cadre Holdings, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On March 9, 2024, Blaine Browers, the CFO of Cadre Holdings, Inc., had 2,918 restricted stock units vest.
• The vesting was part of a restricted stock award granted on March 9, 2022, under the company's 2021 Stock Incentive Plan.
• Following the transaction, Browers directly owns 72,259 shares of Cadre Holdings common stock.
• The company withheld 1,268 shares to cover tax obligations related to the vesting at a price of $38.46 per share.
• Browers also directly owns 2,918 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of insider transactions. The vesting of stock is generally positive, but the tax withholding is a neutral event.

Positives

• The vesting of restricted stock units can be seen as a positive sign, aligning the CFO's interests with those of the shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Amazon, Apple, and Microsoft also regularly file Form 4 documents when their executives or directors trade company stock.
• The details disclosed in this filing are consistent with the level of information expected in such reports.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates