Form 4: Cadre Holdings President Brad Williams Reports Stock Transactions

Brad Williams, President of Cadre Holdings, reports the vesting of phantom stock, tax withholding, and grants of restricted stock units and stock options.

Summary

• On March 18, 2024, Brad Williams, President of Cadre Holdings, Inc., reported transactions involving the company's stock.
• 87,000 shares of phantom stock vested, becoming non-forfeitable.
• The issuer withheld 34,235 shares of common stock to cover tax obligations related to the vesting of the phantom stock.
• Williams was granted 13,524 restricted stock units, vesting in three annual installments starting March 18, 2025.
• He also received an option to purchase 42,614 shares of common stock, vesting in three annual installments starting March 18, 2025.
• Following these transactions, Williams directly owns 135,918 shares of common stock, 13,524 restricted stock units, and options to purchase 42,614 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The transactions reflect standard executive compensation practices and incentivize long-term performance. There are no indications of negative events or concerns.

Positives

• The vesting of phantom stock and granting of stock options and restricted stock units align executive compensation with company performance.
• The vesting schedule for the restricted stock units and stock options encourages long-term commitment from the executive.

Future Outlook

The restricted stock units and stock options will vest in future years, incentivizing continued performance.

Industry Context

This filing is a routine disclosure of insider transactions, common for publicly traded companies. It provides transparency into the compensation structure and equity ownership of key executives.

Comparison to Industry Standards

• Equity compensation is a standard practice in publicly traded companies to align management's interests with those of shareholders.
• Vesting schedules for restricted stock units and stock options are common, typically ranging from three to five years.
• The size of the equity grants is likely determined by a compensation committee, benchmarked against peer companies in the industry.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning management's interests with the company's long-term success.
• Employees may view the equity grants as a positive sign of the company's commitment to its leadership.

Key Dates