4/A: Clearfield CFO Amends Stock Tax Withholding Filing
Insider Transaction Amendment
Clearfield, Inc.'s Chief Financial Officer, Daniel R. Herzog, filed an amended Form 4 to correct the reporting of common stock disposed for tax withholding upon restricted stock vesting.
Summary
- Daniel R. Herzog, Chief Financial Officer of Clearfield, Inc. (CLFD), filed an amended Form 4 (Form 4/A) to correct an original filing from November 19, 2025.
- The amendment clarifies that shares were 'disposed of' rather than 'acquired' for tax withholding purposes upon the vesting of restricted stock.
- On November 16, 2025, a total of 2,308 shares of common stock were disposed of at a price of $30.72 per share to cover tax obligations.
- This included 510 shares for the final 33% vesting of restricted stock granted on February 24, 2023, leaving 68,031 shares beneficially owned.
- Another 973 shares were disposed for the second 33% vesting of restricted stock granted on November 16, 2023, resulting in 67,058 shares beneficially owned.
- Additionally, 825 shares were disposed for the first 33% vesting of restricted stock granted on November 26, 2024, leaving 66,233 shares beneficially owned.
Sentiment
Score: 5
Explanation: The filing is an administrative amendment correcting a previous insider transaction related to tax withholding on restricted stock vesting, which is a routine event and does not indicate a positive or negative operational or financial development for the company.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing details a routine insider transaction correction related to tax withholding on vested restricted stock, which is a common occurrence for executives and does not reflect broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine administrative correction of an insider's tax-related stock disposal and does not affect the company's operational or financial performance.
Key Dates
| Date | Description |
|---|---|
| 2023-02-24 | Date of restricted stock grant (first tranche). |
| 2023-11-16 | Date of restricted stock grant (second tranche). |
| 2024-11-26 | Date of restricted stock grant (third tranche). |
| 2025-11-16 | Date of earliest transaction, involving disposal of shares for tax withholding upon vesting of restricted stock. |
| 2025-11-19 | Date the original Form 4 was filed. |
| 2025-11-20 | Date the amended Form 4/A was signed. |
Keywords
Clearfield Inc, CLFD, Form 4/A, SEC filing, insider transaction, stock disposal, tax withholding, restricted stock, CFO
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