Form 4: Clearfield CEO Sells Shares for Tax Obligations
Insider Transaction Report
Clearfield, Inc. CEO Cheryl Beranek reported the sale of 5,286 shares of common stock to cover tax obligations related to restricted stock vesting on November 16, 2025.
Summary
- Cheryl Beranek, Chief Executive Officer and Director of Clearfield, Inc. (CLFD), reported transactions involving the company's common stock.
- On November 16, 2025, a total of 5,286 shares of common stock were disposed of in three separate transactions, each at a price of $30.72 per share.
- These dispositions were classified as 'F' transactions, indicating payment of taxes by withholding shares upon the vesting of restricted stock.
- The shares withheld correspond to the vesting of restricted stock granted on February 24, 2023 (1,020 shares), November 16, 2023 (1,948 shares), and November 26, 2024 (2,318 shares).
- Following these transactions, Ms. Beranek beneficially owns 474,718 shares of Clearfield, Inc. common stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding upon restricted stock vesting, which is a neutral event and does not reflect a discretionary sale or purchase by the insider.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This routine insider transaction for tax purposes does not provide specific insights into broader industry trends or competitive landscape. It reflects standard equity compensation practices for executives.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.
- No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 2023-02-24 | Grant date for restricted stock, of which the last 33% vested on 2025-11-16. |
| 2023-11-16 | Grant date for restricted stock, of which the second 33% vested on 2025-11-16. |
| 2024-11-26 | Grant date for restricted stock, of which the first 33% vested on 2025-11-16. |
| 2025-11-16 | Transaction date for the disposition of shares to cover tax obligations upon restricted stock vesting. |
| 2025-11-19 | Signature date of the reporting person's power of attorney. |
Keywords
Clearfield, CLFD, Insider Transaction, Form 4, Cheryl Beranek, CEO, Restricted Stock, Tax Withholding, Equity Compensation
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