4/A: IEH Corp Director Amends Ownership Filing for Option Grant Details

IEH Corp Director and 10% Owner Gerald E. Chafetz filed an amended Form 4 to correct the grant date and exercise price of 5,000 non-qualified options.

Summary

• Gerald E. Chafetz, a Director and 10% Owner of IEH Corp (IEHC), filed an amended Form 4 (Form 4/A) with the SEC.
• The amendment was filed on June 13, 2025, to correct details from an original filing on May 19, 2025.
• The purpose of the amendment was to correct the date of grant and the exercise price for previously reported non-qualified options.
• Mr. Chafetz acquired 5,000 non-qualified options with an exercise price of $8.28.
• The options were granted and became exercisable on May 8, 2025, and are set to expire on May 8, 2035.
• The underlying security for these options is Common Stock with a par value of $0.01.
• Following this transaction, Mr. Chafetz beneficially owns a total of 14,000 derivative securities.

Sentiment

Score: 6

Explanation: The filing is neutral to slightly positive. It reports an insider receiving options, which aligns interests, but the need for an amendment indicates a minor administrative error. Overall, it's a routine compliance filing with no major positive or negative implications for the company's operations or financial health.

Positives

• The grant of non-qualified options to a director aligns management's interests with those of shareholders, as the options gain value with an increase in the company's stock price.
• The 10-year expiration period for the options (until May 8, 2035) provides a long-term incentive for the director.

Negatives

• The necessity of filing an amendment (Form 4/A) indicates an initial error in the original reporting of the option grant's date or exercise price, suggesting a minor administrative oversight.

Future Outlook

This document is a compliance filing reporting an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine insider ownership report specific to IEH Corp. While option grants are a common form of executive and director compensation across various industries, this document does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The grant of non-qualified options to Gerald E. Chafetz, a Director and 10% Owner, represents a transaction between the company and a related party as part of executive compensation.

Stakeholder Impact

• Shareholders: The grant of options to a director aligns their financial interests with those of shareholders, as the options' value is tied to the company's stock performance.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this specific filing.

Key Dates

Keywords

IEH Corp, IEHC, Form 4/A, SEC filing, beneficial ownership, insider transaction, stock options, non-qualified options, director compensation, corporate governance