Form 4: Insteel Industries SVP and COO Richard Wagner Reports Stock Transactions
SEC Form 4 Filing
Richard Wagner, Senior Vice President and COO of Insteel Industries, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 15, 2025, Richard Wagner, Senior Vice President and COO of Insteel Industries, had 1,784 Restricted Stock Units vest, which converted into common stock on a one-for-one basis.
- Following the vesting, 470 shares were withheld for taxes at a price of $31.18 per share.
- After these transactions, Wagner directly owns 43,480 shares of Insteel Industries common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting standard executive compensation practices and regulatory reporting.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation and does not indicate a change in company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of earliest transaction: Vesting of Restricted Stock Units and tax withholding. |
| 02/18/2025 | Date of report filing. |
Keywords
Insteel Industries, IIIN, Richard Wagner, Restricted Stock Units, Form 4, Insider Trading, Stock Vesting, Tax Withholding, Common Stock, Ownership
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