Form 4: National Research Corp Director, Penny Ann Wheeler, Acquires 10,906 Stock Options

Penny Ann Wheeler, a director at National Research Corporation, acquired 10,906 stock options on May 8, 2024, as part of the company's 2004 Non-Employee Director Stock Plan.

Summary

• On May 8, 2024, Penny Ann Wheeler, a director of National Research Corporation, acquired 10,906 stock options.
• The options were granted under the Issuer's 2004 Non-Employee Director Stock Plan.
• The exercise price of the options is $29.76.
• The options will vest and become exercisable on the date immediately preceding the date of the Issuer's next annual shareholder meeting, subject to certain exceptions provided in the Plan.
• The options expire on May 8, 2034.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard compensation practice that aligns director interests with shareholders.

Positives

• The grant of stock options to a director aligns their interests with those of the shareholders.

Future Outlook

The options will vest and become exercisable on the date immediately preceding the date of the Issuer's next annual shareholder meeting, subject to certain exceptions provided in the Plan.

Industry Context

This is a standard practice for compensating and incentivizing board members in publicly traded companies.

Comparison to Industry Standards

• Granting stock options to directors is a common practice among publicly traded companies to align their interests with those of shareholders.
• The vesting schedule and exercise price are typical for director compensation packages.

Stakeholder Impact

• The grant of stock options aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates