Form 4: FutureFuel Corp. Director Dale E. Cole Reports Stock Award
SEC Form 4 Filing
Director Dale E. Cole of FutureFuel Corp. reports the acquisition of 5,000 shares of common stock as part of an annual stock award.
Summary
- Dale E. Cole, a director at FutureFuel Corp., acquired 5,000 shares of common stock on December 5, 2024.
- These shares were granted as part of an annual stock award under the company's 2017 Omnibus Incentive Plan.
- The shares vest in four equal installments, starting March 31, 2025, and concluding on the first anniversary of the grant date.
- Following this transaction, Mr. Cole beneficially owns a total of 6,350 shares of FutureFuel Corp. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns interests.
Positives
- The stock award aligns director interests with the company's long-term performance.
- The vesting schedule encourages continued service and commitment from the director.
Industry Context
This type of stock award is a common practice for compensating and incentivizing board members in publicly traded companies.
Comparison to Industry Standards
- Stock awards are a standard form of compensation for directors in publicly traded companies, aligning their interests with shareholders.
- The vesting schedule of four equal installments is a typical approach to ensure long-term commitment from board members.
- Many companies use similar omnibus incentive plans to grant equity to directors and employees.
Stakeholder Impact
- The stock award aligns the director's interests with those of shareholders.
- The vesting schedule encourages long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 12/05/2024 | Date of the stock award transaction. |
| 03/31/2025 | Start date for the vesting of the stock award. |
Keywords
stock award, director, beneficial ownership, FutureFuel Corp, equity, vesting
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