Form 4: Cantaloupe CFO Granted Equity Awards

Cantaloupe, Inc.'s Chief Financial Officer, Scott Matthew Stewart, was granted 20,595 Restricted Stock Units, with a portion vesting immediately and the remainder over three years.

Summary

• Scott Matthew Stewart, Chief Financial Officer of Cantaloupe, Inc. (CTLP), was granted a total of 20,595 shares of common stock in the form of Restricted Stock Units (RSUs) on August 1, 2025.
• Of these, 8,095 RSUs were granted under the Company's long-term stock incentive plans (LTIPs) and will vest on a prorated basis over approximately three years (1095 days), contingent on continued service.
• An additional 12,500 RSUs were granted based on the achievement of specific performance conditions under the 2018 Equity Incentive Plan and vested immediately upon grant.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, the CFO beneficially owns 115,839 shares of common stock directly.

Sentiment

Score: 7

Explanation: The grant of equity awards to a key executive like the CFO is generally positive as it aligns their interests with shareholders and incentivizes long-term performance. The immediate vesting of a portion suggests performance targets were met.

Positives

• Grant of 20,595 Restricted Stock Units to the CFO aligns management's interests with shareholder value creation.
• A portion of the RSUs (12,500 shares) vested immediately, indicating achievement of performance conditions.
• The remaining RSUs (8,095 shares) have a three-year vesting schedule, promoting long-term retention and performance.
• The transaction was made under a Rule 10b5-1(c) plan, indicating a pre-arranged, compliant transaction.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of equity awards to a corporate officer, which is a standard compensation practice and not typically categorized as an unusual related party transaction outside of the normal course of business.

Stakeholder Impact

• Shareholders: Increased alignment of the Chief Financial Officer's interests with shareholder value through equity ownership.
• Employees: May signal confidence in the company's performance and future, potentially boosting morale.

Next Steps

• Continued vesting of 8,095 Restricted Stock Units over approximately three years from August 1, 2025, subject to the CFO's continued service.

Key Dates

Keywords

Cantaloupe, CTLP, Scott Matthew Stewart, CFO, Restricted Stock Units, RSU, Equity Incentive Plan, Long-Term Incentive Plan, LTIP, Insider Transaction, Form 4, Compensation, Stock Grant