Form 4: NEOGEN Director Borel converts 2,025 RSUs to common stock

NEOGEN Director James C. Borel converts 2,025 Restricted Stock Units into common stock.

Summary

• James C. Borel, a Director of NEOGEN CORP (NEOG), reported a change in his beneficial ownership.
• On October 27, 2025, 2,025 Restricted Stock Units (RSUs) vested and were settled for an equal number of shares of NEOGEN common stock.
• Each RSU was economically equivalent to one share of common stock, with a stated value of $6.19 per unit.
• Following this transaction, Mr. Borel directly beneficially owns 94,570 shares of NEOGEN common stock.
• Mr. Borel continues to beneficially own 4,050 Restricted Stock Units after this transaction.

Sentiment

Score: 7

Explanation: The transaction reflects a routine vesting of Restricted Stock Units, leading to an increase in the director's direct beneficial ownership of common stock, which is generally viewed positively as it aligns management interests with shareholders.

Positives

• Director James C. Borel increased his direct beneficial ownership of NEOGEN common stock by 2,025 shares, which generally signals continued alignment of management interests with shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased alignment of the director's interests with shareholders due to higher direct stock ownership.

Key Dates

Recommendation

This Form 4 reports a routine vesting and settlement of Restricted Stock Units for a director. While it increases the director's direct beneficial ownership, it is a compensation-related event and does not provide new fundamental information to alter an investment recommendation. It generally signals continued alignment of interests but is not a discretionary open-market purchase.

Keywords

NEOGEN, NEOG, Form 4, Insider Transaction, Director, Stock Ownership, RSU, Restricted Stock Units, Common Stock