Form 4: Insteel Industries Director Anne H. Lloyd Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Anne H. Lloyd reports acquisition of restricted stock units in Insteel Industries, Inc.
Summary
- Anne H. Lloyd, a director of Insteel Industries Inc., filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of restricted stock units that convert into common stock on a one-for-one basis.
- 2,703 Restricted Stock Units were acquired on February 11, 2025, vesting on February 11, 2026.
- 2,158 Restricted Stock Units will vest on February 13, 2025.
- Following the reported transactions, Ms. Lloyd beneficially owns 8,790 shares of common stock directly and 4,861 Restricted Stock Units.
- Elizabeth C. Southern, acting as Attorney-in-Fact, signed the report on February 13, 2025.
- A Power of Attorney document grants authority to Scot R. Jafroodi, Elizabeth C. Southern, and Sheila M. Spencer to sign forms on Anne H. Lloyd's behalf.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of restricted stock units by a director could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director at Insteel Industries.
Stakeholder Impact
- The acquisition of restricted stock units by a director may have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 8/5/2023 | Date of Power of Attorney grant by Anne H. Lloyd |
| 02/11/2025 | Date of transaction: Acquisition of 2,703 Restricted Stock Units |
| 02/13/2025 | Date of report filing and vesting date of 2,158 Restricted Stock Units |
| 02/11/2026 | Vesting date of 2,703 Restricted Stock Units |
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