Form 4: Oil-Dri Corp CFO Susan M. Kreh Awarded 25,000 Shares of Restricted Stock

Oil-Dri Corporation of America's CFO, Susan M. Kreh, received 25,000 shares of restricted stock under the company's 2006 Long Term Incentive Plan.

Summary

• Susan M. Kreh, Chief Financial Officer of Oil-Dri Corporation of America, was granted 25,000 shares of restricted stock on April 18, 2025.
• The grant was made under the Oil-Dri Corporation of America 2006 Long Term Incentive Plan and is exempt under rule 16b-3.
• The restricted stock will vest in full on October 19, 2029.
• The grant was priced at $41.52 per share, based on the closing price on April 21, 2025.
• Following the transaction, Kreh beneficially owns 94,100 shares of Oil-Dri common stock.
• Kreh has granted power of attorney to Laura G. Scheland and Anthony W. Parker to handle SEC filings related to her holdings in Oil-Dri.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of restricted stock aligns the CFO's interests with the long-term performance of the company.
• The vesting schedule encourages long-term commitment from the CFO.

Industry Context

Grants of restricted stock are a common practice to incentivize and retain key executives in publicly traded companies.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in similar-sized publicly traded companies.
• The vesting schedule of approximately 4.5 years is within the typical range for restricted stock grants.
• Comparable companies such as US Silica Holdings, Inc. and Minerals Technologies Inc. also utilize stock grants as part of their executive compensation plans.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for the CFO to drive long-term value.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

restricted stock, Form 4, Oil-Dri, ODC, insider trading, Susan M. Kreh, CFO, beneficial ownership, SEC filing, incentive plan