Form 4: Lindblad Expeditions CFO Craig Felenstein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Craig Felenstein, CFO of Lindblad Expeditions Holdings, reports acquisition and disposal of common stock and forfeiture of market-based incentive awards.
Summary
- Craig Felenstein, the Chief Financial Officer of Lindblad Expeditions Holdings, reported changes in his beneficial ownership of the company's stock.
- On March 29, 2024, he acquired 15,731 shares of common stock.
- On March 31, 2024, he disposed of 8,671 shares of common stock.
- Also on March 31, 2024, he forfeited 5,667 shares representing the unearned portion of market-based incentive awards granted in March 2021.
- Following these transactions, Felenstein directly owns 199,877 shares of common stock.
- He also holds options to buy 188,000 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Negatives
- Craig Felenstein forfeited 5,667 shares representing the unearned portion of market-based incentive awards granted in March 2021.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 09/06/2021 | Date stock options were granted. |
| March 2021 | Date of original grant of market based incentive awards. |
| 03/29/2024 | Date of common stock acquisition. |
| 03/31/2024 | Date of common stock disposal and forfeiture of market based incentive awards. |
| 09/06/2026 | Expiration date of stock options. |
| 04/02/2024 | Date of signature on the Form 4. |
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