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 related tax withholding, along with the grant of new stock options and restricted stock units.
Summary
- On March 13, 2025, Blaine Browers, the CFO of Cadre Holdings, had 3,393 restricted shares of common stock vest as part of a previous award.
- The company withheld 826 shares of common stock at a price of $34.91 to cover tax obligations related to the vesting.
- Browers also received a new stock option for 40,101 shares, vesting in three equal installments starting March 13, 2026.
- Additionally, Browers received a restricted stock unit award for 12,841 shares, vesting in three annual installments starting March 13, 2026.
- Following these transactions, Browers directly owns 82,096 shares of Cadre Holdings common stock, 3,393 restricted stock units, and options to purchase 40,141 shares, and 12,841 restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices, which is generally viewed neutrally to positively as it aligns management interests with shareholders. The sentiment is slightly positive due to the continued investment in the CFO through equity.
Positives
- The granting of stock options and restricted stock units aligns the CFO's interests with those of the shareholders.
- The vesting schedule of the new awards encourages long-term commitment from the CFO.
Future Outlook
The document outlines future vesting dates for restricted stock units and stock options, indicating continued equity-based compensation for the CFO.
Industry Context
Form 4 filings are standard practice and provide transparency into insider transactions, allowing investors to track management's stake in the company. This is common for publicly traded companies and helps maintain market confidence.
Comparison to Industry Standards
- Equity compensation is a common practice among publicly traded companies to incentivize executives.
- Vesting schedules, like the three-year vesting outlined in the document, are typical for stock options and restricted stock units.
- Companies like Palantir and Snowflake also use similar equity compensation plans for their executives.
Stakeholder Impact
- Shareholders can monitor insider transactions to assess management's confidence in the company.
- Employees may view equity compensation as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Date of the original restricted stock units award. |
| 03/13/2024 | First vesting date of the original restricted stock units award (3,391 shares). |
| 03/13/2025 | Vesting of 3,393 restricted shares and grant of new stock options and restricted stock units. |
| 03/13/2026 | Next vesting date for the original restricted stock units award (3,393 shares), and first vesting date for the new stock options (13,367 shares) and restricted stock units (4,281 shares). |
| 03/13/2027 | Second vesting date for the new stock options (13,367 shares) and restricted stock units (4,280 shares). |
| 03/13/2028 | Third vesting date for the new stock options (13,367 shares) and restricted stock units (4,280 shares). |
| 03/13/2035 | Expiration date of the stock options. |
| 03/17/2025 | Date of signature for the Form 4 filing. |
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