Form 4: Cadre Holdings Officer Brad Williams Reports Stock Transactions
SEC Form 4 Filing
Brad Williams, President of Cadre Holdings, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 9, 2024, Brad Williams, President of Cadre Holdings, had 3,921 restricted stock units vest, converting into common stock.
- The company withheld 1,633 shares of common stock at a price of $38.46 to cover tax obligations related to the vesting.
- Following these transactions, Williams directly owns 80,612 shares of Cadre Holdings common stock and 3,921 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/09/2022 | Date of original grant of restricted stock units under the Issuer's 2021 Stock Incentive Plan. |
| 03/09/2023 | 3,920 restricted shares of Common Stock vested and became non-forfeitable. |
| 03/09/2024 | 3,921 restricted stock units vested and converted to common stock; tax withholding occurred. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
| 03/09/2025 | 3,921 restricted shares of Common Stock will vest and become non-forfeitable. |
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