Form 4: ICAD INC Director, Susan Alyson Wood, Acquires Stock Options in Lieu of Cash Fees

Susan Alyson Wood, a director of ICAD INC, acquired 10,593 stock options on February 5, 2025, in lieu of quarterly cash director fees.

Summary

• On February 5, 2025, Susan Alyson Wood, a director of ICAD INC, acquired 10,593 stock options.
• These options were granted in lieu of quarterly cash director fees.
• The exercise price of the options is $3.69.
• The options are immediately exercisable and expire on February 5, 2035.

Sentiment

Score: 7

Explanation: The document indicates a standard transaction of stock options granted to a director in lieu of cash compensation, which is generally viewed neutrally to positively as it aligns interests and conserves cash.

Positives

• The acquisition of stock options by a director aligns their interests with those of the shareholders.
• The options are granted in lieu of cash fees, which may conserve the company's cash resources.

Industry Context

Directors receiving stock options in lieu of cash compensation is a common practice to align management's interests with shareholders and conserve company cash.

Comparison to Industry Standards

• Granting stock options to directors is a common practice across various industries, particularly in growth-oriented companies.
• The specific terms, such as the exercise price and vesting schedule, can vary significantly based on company size, industry, and individual performance.

Stakeholder Impact

• Shareholders may view the granting of stock options positively as it aligns the director's interests with theirs.
• The company conserves cash by granting stock options instead of paying cash director fees.

Key Dates