Form 4: Eightco Holdings Director Halford Receives Stock Grant and Options

Mary Ann Halford, a director at Eightco Holdings Inc., received a grant of restricted stock and stock options as compensation for her services on the Board of Directors.

Summary

• On March 17, 2024, Mary Ann Halford, a director of Eightco Holdings Inc., received 42,500 shares of common stock.
• These shares were granted under the Issuer's 2022 Long-Term Incentive Plan as compensation for her services on the Board of Directors for the calendar year 2024.
• The restricted shares fully vested on the date of grant.
• Halford also received options to purchase 100,000 shares of common stock at an exercise price of $0.82, which also fully vested on the date of grant and expire on March 17, 2029.
• Following these transactions, Halford directly owns 128,531 shares of common stock and options for 100,000 shares.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, suggesting a stable and well-governed company. The sentiment is neutral to positive.

Positives

• The grant of stock and options to a director aligns her interests with those of the shareholders.
• The immediate vesting of the shares and options could incentivize the director to contribute effectively to the company's success in the near term.

Industry Context

Grants of stock and options are common forms of compensation for directors of publicly traded companies, aligning their interests with shareholders and incentivizing performance.

Comparison to Industry Standards

• Director compensation packages vary widely based on company size, industry, and performance.
• Stock grants and options are frequently used to attract and retain qualified board members.
• Companies like Apple, Microsoft, and Alphabet also use stock options and grants as part of their director compensation packages.

Stakeholder Impact

• The grant of stock and options to a director could positively impact shareholders by aligning the director's interests with theirs.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Eightco Holdings Inc., Director Compensation, Stock Options, Restricted Stock, Beneficial Ownership, Form 4, OCTO, Mary Ann Halford