4/A: Insteel Industries Director Abney S. Boxley III Amends Filing to Correct Restricted Stock Unit Ownership
SEC Filing
Abney S. Boxley III, a director at Insteel Industries, filed an amendment to a previous Form 4 filing to correct the number of Restricted Stock Units (RSUs) owned following a recent transaction.
Summary
- On February 13, 2025, Abney S. Boxley III, a director of Insteel Industries Inc., had 2,158 Restricted Stock Units (RSUs) vest, which convert into common stock on a one-for-one basis.
- This transaction was initially reported on February 14, 2025, but an amendment was filed to correct the number of Restricted Stock Units owned following the transaction.
- Following the transaction, Boxley directly owns 13,730 shares of common stock and indirectly owns 5,028 shares through Boxley Family LLC.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to stock ownership. The amendment suggests a minor correction, which is neutral to slightly positive as it indicates attention to detail.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Vesting of 2,158 Restricted Stock Units. |
| 02/14/2025 | Date of original filing and amendment filing. |
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