4/A: Insteel Industries CFO Scot R. Jafroodi Reports Stock Transactions
SEC Form 4/A
Scot R. Jafroodi, VP, CFO and Treasurer of Insteel Industries, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 16, 2024, Scot R. Jafroodi, the VP, CFO, and Treasurer of Insteel Industries Inc., reported transactions involving the company's common stock.
- The transactions included the vesting of 657 Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
- Additionally, 174 shares were withheld for taxes related to the vesting of these RSUs at a price of $32.32 per share.
- Following these transactions, Jafroodi directly owns 41,678 shares of Insteel Industries Inc. common stock.
- This Form 4/A is an amendment to correct the number of Restricted Stock Units owned following the transaction.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of earliest transaction and vesting of Restricted Stock Units. |
| 08/16/2024 | Date of original filing. |
| 08/20/2024 | Date of signature by Attorney-in-Fact. |
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