Form 4: Lendway Director Acquires Common Stock Equivalents Through Deferred Compensation Plan

Chad Bruce Johnson, a director of Lendway, Inc., acquired 1,133 common stock equivalents through the company's Deferred Compensation Plan for Directors on March 31, 2025.

Summary

• This Form 4 filing reports a transaction by Chad Bruce Johnson, a director of Lendway, Inc.
• On March 31, 2025, Johnson acquired 1,133 common stock equivalents under the Lendway, Inc. Deferred Compensation Plan for Directors.
• These common stock equivalents are the economic equivalent of one share of Lendway, Inc. common stock each.
• The price of the derivative security is $3.75.
• These equivalents will be settled in Lendway, Inc. common stock upon separation from service or in cash upon a change in control of the company.
• Following the transaction, Johnson beneficially owns 11,809 common stock equivalents.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a director's participation in a deferred compensation plan, which is generally seen as a positive sign of alignment with the company's long-term interests.

Positives

• The director's participation in the Deferred Compensation Plan demonstrates confidence in the company's future.

Future Outlook

The common stock equivalents will be settled in Lendway, Inc. common stock upon separation from service with the Company or in cash upon an earlier change in control of the Company.

Industry Context

Directors often participate in deferred compensation plans as a way to align their interests with the long-term success of the company. This is a fairly standard practice.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it indicates a director's investment in the company's future.

Key Dates

Keywords

Form 4, Lendway, Director, Common Stock Equivalent, Deferred Compensation Plan, Beneficial Ownership, LDWY