Form 4: Insteel Industries Director Abney S. Boxley III Reports Changes in Beneficial Ownership
SEC Filing Form 4
Director Abney S. Boxley III reports acquisition of restricted stock units and adjustments to common stock holdings.
Summary
- Abney S. Boxley III, a director of Insteel Industries Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report indicates the acquisition of 2,703 restricted stock units that will vest on February 11, 2026.
- It also shows adjustments to common stock holdings, including 11,572 shares held directly and 5,028 shares held indirectly through Boxley Family LLC, which includes 28 shares acquired through dividend reinvestment.
- The filing also includes a Power of Attorney granted to Scot R. Jafroodi, Elizabeth C. Southern, and Sheila M. Spencer, authorizing them to sign forms on Boxley's behalf related to Section 16(a) filings.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 2023-08-15 | Date of Power of Attorney grant. |
| 2025-02-11 | Date of transaction. |
| 2025-02-13 | Date of report filing. |
| 2025-02-13 | Restricted Stock Units vest date. |
| 2026-02-11 | Restricted Stock Units vest date. |
Keywords
Form 4, beneficial ownership, Insteel Industries, restricted stock units, common stock, director, Boxley, IIIN
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