Form 4: MDWerks CFO Receives Stock Grant, Reports Late Filing

David William Stephens, CFO of MDWerks, Inc., received a grant of 150,000 shares of common stock on March 1, 2025, and reports a late filing of Form 4.

Summary

• David William Stephens, the Chief Financial Officer of MDWerks, Inc. (MDWK), reported a transaction on Form 4.
• On March 1, 2025, Stephens received 150,000 shares of common stock.
• The shares were granted upon execution of an employment agreement.
• 50,000 shares vested immediately, and the remaining 100,000 shares vest monthly starting January 1, 2026, with a final vesting date of December 31, 2027.
• The grant was approved by the Issuer's board of directors and issued in accordance with Rule 16b-3.
• The report indicates a late filing, with the report representing the shares beneficially owned by the Reporting Person as of the filing date.

Sentiment

Score: 6

Explanation: Neutral sentiment. The stock grant is a positive incentive, but the late filing raises minor concerns.

Positives

• The CFO receiving a stock grant aligns his interests with those of the shareholders.
• The vesting schedule provides an incentive for continued service.

Negatives

• The late filing of Form 4 indicates a potential lapse in compliance procedures.

Risks

• Late filings can attract regulatory scrutiny.
• The vesting schedule could be impacted by changes in employment.

Management Comments

• The Reporting Person inadvertently failed to timely file Form 4 within the required time period, this report represents the Shares beneficially owned by the Reporting Person as of the filing date.

Industry Context

Stock grants are a common form of executive compensation, particularly in growth-oriented companies, to align management's interests with shareholder value.

Comparison to Industry Standards

• Stock grants to CFOs are a common practice across various industries, with the size and vesting schedule varying based on company size, performance, and industry benchmarks.
• Comparable companies often use a mix of salary, bonus, and equity compensation to attract and retain key executives.
• Vesting schedules typically range from 3 to 5 years, with some companies offering performance-based vesting.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for the CFO.
• Employees may see the grant as a sign of confidence in the company's future.

Key Dates

Keywords

Form 4, MDWerks, CFO, David William Stephens, Stock Grant, Beneficial Ownership, Late Filing, MDWK