Form 4: Oil-Dri CEO Jaffee Reports Routine Stock Vesting, Tax Withholding
Insider Transaction Report
Oil-Dri Corp of America's Chairman, President, and CEO, Daniel S. Jaffee, reported the withholding of 35,916 shares of Class B Stock for tax liability related to restricted stock vesting.
Summary
- Daniel S. Jaffee, Chairman, President, and CEO of Oil-Dri Corp of America, reported a transaction involving the disposition of derivative securities.
- The transaction occurred on October 19, 2025, and involved the withholding of 35,916 shares of Class B Stock.
- These shares were withheld to cover tax liability incident to the vesting of restricted stock, a common practice for executive compensation.
- The Class B Stock is convertible into Common Stock on a share-for-share basis.
- The value used for the tax withholding was $59.07 per share, based on the closing price of Common Stock on October 20, 2025.
- Following this transaction, Daniel S. Jaffee directly beneficially owns 1,038,078 shares of Common Stock.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (shares withheld for tax upon vesting of restricted stock) which is neutral in sentiment and does not indicate any significant positive or negative developments for the company.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation and tax obligations. It does not reflect a change in management's confidence or strategic direction.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 10/19/2025 | Date of earliest transaction, representing the vesting date of restricted stock. |
| 10/20/2025 | Closing price date of shares ($59.07) used for calculating tax liability, as the vesting date fell on a weekend. |
| 10/21/2025 | Signature date of the reporting person for the Form 4 filing. |
Recommendation
holdThis Form 4 filing details a routine insider transaction involving the withholding of shares for tax purposes upon restricted stock vesting. It does not provide new material information that would alter the fundamental investment thesis for Oil-Dri Corp of America, hence a 'hold' recommendation is appropriate.
Keywords
Oil-Dri Corp of America, ODC, Daniel S. Jaffee, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Executive Compensation
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