Form 4: NV5 Global CFO Edward Codispoti Receives 25,000 Shares in Equity Incentive Plan

Edward Codispoti, CFO of NV5 Global, acquired 25,000 shares of common stock on March 10, 2025, as part of the company's 2023 Equity Incentive Plan.

Summary

• On March 10, 2025, Edward H Codispoti, CFO of NV5 Global, Inc., acquired 25,000 shares of common stock.
• The acquisition was part of the NV5 Global Inc. 2023 Equity Incentive Plan.
• These shares are a restricted stock award and are forfeitable until they vest.
• The shares will vest three years from the grant date, which is March 10, 2025.
• Following the transaction, Codispoti directly owns 89,154 shares of NV5 Global, Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. The sentiment is neutral to slightly positive.

Positives

• The grant of shares to the CFO aligns his interests with those of the shareholders.
• The vesting period encourages long-term commitment from the CFO.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This type of equity grant is a common practice in publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to align executive interests with shareholder value.
• Companies like AECOM, Jacobs Engineering, and Tetra Tech also utilize equity incentive plans for their executives.
• The vesting schedule of three years is typical for restricted stock awards in the engineering and construction industry.

Stakeholder Impact

• Shareholders may view the equity grant positively as it incentivizes the CFO to focus on long-term value creation.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates