Form 4: Insteel Industries CFO Scot R. Jafroodi Reports Stock Transactions
SEC Form 4 Filing
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, VP, CFO and Treasurer of Insteel Industries, reported transactions involving common stock.
- 657 Restricted Stock Units vested and converted into common stock on a one-for-one basis.
- 174 shares were withheld for taxes related to the vesting of these units at a price of $32.32 per share.
- Following these transactions, Jafroodi directly owns 41,678 shares of Insteel Industries common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of earliest transaction, vesting of Restricted Stock Units, and tax withholding. |
| 08/20/2024 | Date of signature by Attorney-in-Fact. |
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