Form 4: Castellum Inc. CEO Glen R. Ives Awarded 500,000 Stock Options

Castellum, Inc. CEO Glen R. Ives received 500,000 stock options on January 22, 2025, as part of his continued employment agreement.

Summary

• Glen R. Ives, the President and CEO of Castellum, Inc., was granted 500,000 stock options on January 22, 2025.
• The options were issued under the Castellum, Inc. Amended 2021 Stock Incentive Plan.
• The exercise price for the options is $1.07 per share.
• 250,000 of the stock options vest ratably over thirty-six months.
• The remaining 250,000 stock options vest ratably over thirty-six months upon the Company being awarded a certain government contract.
• The stock options expire on January 21, 2032.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, which is generally viewed neutrally to positively. The vesting schedule tied to a government contract win is a positive incentive.

Positives

• The granting of stock options to the CEO aligns his interests with those of the shareholders.
• The vesting schedule tied to a government contract win incentivizes the CEO to pursue and secure such contracts.

Risks

• The vesting of 250,000 options is contingent on the company being awarded a specific government contract, which may or may not occur.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the stock options.

Industry Context

Stock option grants are a common practice in the industry to incentivize executives and align their interests with those of the shareholders. The vesting schedule tied to a government contract win is a specific incentive related to Castellum's business focus.

Comparison to Industry Standards

• Stock option grants are a common form of executive compensation across various industries, including technology and government contracting.
• Companies like Lockheed Martin, General Dynamics, and Booz Allen Hamilton also utilize stock options as part of their executive compensation packages.
• The vesting schedules and exercise prices vary depending on the company's performance and industry standards.

Stakeholder Impact

• The stock option grant could potentially increase shareholder value if the CEO successfully leads the company to secure more government contracts and improve overall performance.
• Employees may be motivated by the potential for company growth and success.

Key Dates