Form 4: CompX International Director Receives Stock Grant
Statement of Changes in Beneficial Ownership
Michael Shawn Simmons, Director and Vice Chairman of CompX International Inc., received a stock grant of 1,700 shares under the company's 2012 Director Stock Plan.
Summary
- Michael Shawn Simmons, who serves as a Director and Vice Chairman of the Board for CompX International Inc., was granted 1,700 shares of Class A Common Stock.
- The shares were issued on May 20, 2026, with a par value of $0.01 per share.
- This transaction is part of the CompX International Inc. 2012 Director Stock Plan, which provides stock awards to directors.
- The reported transaction indicates an acquisition of securities by a key executive and board member.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard stock grant to a director under an existing plan, without indicating significant positive or negative developments for the company.
Positives
- Director and Vice Chairman Michael Shawn Simmons received a stock grant, indicating continued investment and alignment with the company's performance.
- The issuance of shares under an existing Director Stock Plan suggests a structured and established compensation mechanism for board members.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, as it solely reports a change in beneficial ownership.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into stock ownership changes by company directors and officers. This specific filing indicates a routine stock grant to a board member under an established plan.
Related Party Transactions
- The transaction involves a stock grant to Michael Shawn Simmons, who is a Director and Vice Chairman of the Board, under the CompX International Inc. 2012 Director Stock Plan. This is a standard related party transaction related to executive and director compensation.
Stakeholder Impact
- Shareholders: The stock grant represents a dilution of existing shares, though it is part of a pre-defined compensation plan. It also signifies continued commitment from a key executive.
- Employees: May view this as a standard compensation practice for board members.
- Management: Reinforces the compensation structure for directors.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Transaction Date for stock grant |
| 05/21/2026 | Date of signature for the filing |
Keywords
Form 4, SEC Filing, CompX International Inc., CIX, Stock Grant, Director Compensation, Beneficial Ownership, Michael Shawn Simmons
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