Form 4: FutureFuel Corp. Director Paul A. Novelly Gifts Shares to Spousal Trust

Director Paul A. Novelly gifted 265,000 shares of FutureFuel Corp. common stock to a trust for the benefit of his spouse on July 25, 2024.

Summary

• On July 25, 2024, Paul A. Novelly, a director of FutureFuel Corp., gifted 265,000 shares of common stock to a spousal trust.
• The transaction involved transferring 265,000 shares from Mr. Novelly's direct ownership to indirect ownership via the trust.
• The price per share for the gift was $0, indicating a non-cash transfer.
• Following the transaction, Mr. Novelly directly owns 0 shares and the spousal trust indirectly owns 265,000 shares.
• A Power of Attorney was filed, authorizing Christopher J. Schmitt to act on behalf of Paul A. Novelly for securities filings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a gift of shares. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

This transaction is a routine disclosure of insider activity and doesn't necessarily indicate a change in the company's fundamentals or outlook. It is common for corporate insiders to manage their holdings for personal financial planning purposes.

Related Party Transactions

• The gift of shares to a spousal trust constitutes a related party transaction.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders, as it is a transfer of ownership between related parties and does not involve a sale on the open market.

Key Dates