Form 4: Cadre Holdings Director William G. Quigley III Reports Stock Transactions
SEC Form 4
Director William G. Quigley III reports acquisition of phantom stock and stock options in Cadre Holdings, Inc.
Summary
- William G. Quigley III, a director of Cadre Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 18, 2024, Quigley acquired 7,833 shares of phantom stock, which are economically equivalent to common stock.
- These shares vested from a phantom stock award granted on March 9, 2022, under the Safariland Group Amended and Restated 2021 Phantom Restricted Share Plan.
- Quigley also acquired 16,000 stock options with an exercise price of $34.66 on March 18, 2024, under the Issuer's 2021 Stock Incentive Plan.
- These options vest in equal quarterly tranches starting March 31, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it simply reports stock transactions. The vesting of phantom stock and granting of options are standard compensation practices.
Positives
- The acquisition of stock options and vesting of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions could have a minor positive impact on shareholder sentiment, as they indicate a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 2022-03-09 | Reporting Person was granted a phantom stock award under the Safariland Group Amended and Restated 2021 Phantom Restricted Share Plan consisting of 23,500 shares of phantom stock. |
| 2024-03-18 | Acquisition of 7,833 shares of phantom stock and 16,000 stock options. |
| 2024-03-31 | First vesting date for 4,000 of the acquired stock options. |
| 2024-06-30 | Second vesting date for 4,000 of the acquired stock options. |
| 2024-09-30 | Third vesting date for 4,000 of the acquired stock options. |
| 2024-12-31 | Fourth vesting date for 4,000 of the acquired stock options. |
| 2034-03-18 | Expiration date of the stock options. |
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