Form 4: Castellum Director Mark S. Alarie Receives Stock Options as Compensation

Director Mark S. Alarie received 250,000 stock options as compensation for his service as an independent member of the Board of Directors of Castellum, Inc.

Summary

• Mark S. Alarie, a director of Castellum, Inc., received 250,000 stock options on July 1, 2024.
• The options were granted as compensation for his service as an independent member of the Board of Directors.
• The stock options have an exercise price of $0.212.
• The options were granted pursuant to the terms of the Castellum, Inc. Amended 2021 Stock Incentive Plan.
• The options vest quarterly over a one-year period.
• The options expire on June 30, 2031.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock option grants, a common practice for director compensation.

Positives

• Granting stock options to directors can align their interests with those of shareholders.

Industry Context

Stock option grants are a common form of compensation for directors, especially in smaller companies, to conserve cash and align director incentives with shareholder value.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• Stock options are a common component, particularly in growth-oriented companies, to incentivize long-term value creation.
• Comparing Castellum's director compensation to similar-sized companies in the technology or government contracting sectors would provide a relevant benchmark.

Stakeholder Impact

• The stock option grant could incentivize the director to work towards increasing shareholder value.

Key Dates