Form 4: FutureFuel Corp. Director Paul Manheim Acquires 5,000 Shares in Stock Award
SEC Form 4 Filing
Director Paul Manheim of FutureFuel Corp. acquired 5,000 shares of common stock as part of an annual stock award.
Summary
- Paul Manheim, 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 were granted at a price of $0.
- Following the transaction, Mr. Manheim beneficially owns 24,103 shares of FutureFuel Corp.
- The restricted shares vest in four equal installments starting March 31, 2025, and ending on the first anniversary of the grant date.
Sentiment
Score: 7
Explanation: The document reflects a routine stock award to a director, which is generally viewed positively as it aligns interests. There are no negative implications.
Positives
- The stock award aligns the director's interests with the company's performance.
- The vesting schedule encourages long-term commitment from the director.
Industry Context
Stock awards are a common practice for compensating board members and aligning their interests with shareholders in the corporate world.
Comparison to Industry Standards
- Stock awards are a standard form of compensation for directors across various industries.
- The vesting schedule of four equal installments is a typical approach to ensure long-term commitment.
- 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 commitment from the director, which can be beneficial for the company's performance.
Key Dates
| Date | Description |
|---|---|
| 12/05/2024 | Date of the stock award transaction. |
| 12/09/2024 | Date of the filing of the SEC Form 4. |
| 03/31/2025 | First vesting date for the restricted shares. |
Keywords
stock award, director, beneficial ownership, restricted shares, FutureFuel Corp, equity, incentive plan
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