Form 4: Oil-Dri Corp CFO Susan M. Kreh Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Susan M. Kreh, CFO of Oil-Dri Corp of America, reports acquisition and disposal of common stock related to restricted stock grant and tax liability coverage.
Summary
- On October 19, 2024, Susan M. Kreh, Chief Financial Officer of Oil-Dri Corp of America, acquired 3,500 shares of common stock at a price of $68.43 per share.
- These shares were granted as restricted stock under the company's 2006 Long Term Incentive Plan and will vest on October 19, 2028.
- Additionally, 800 shares were disposed of at $68.43 per share to cover tax liabilities associated with the vesting of restricted stock.
- Following these transactions, Kreh beneficially owns 34,550 shares of Oil-Dri Corp of America common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The stock grant suggests confidence in the company's future, but the filing itself is a routine disclosure.
Positives
- The grant of restricted stock to the CFO aligns her interests with the long-term performance of the company.
- The vesting of the restricted stock is scheduled for October 19, 2028, indicating a long-term commitment.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with shareholders.
Comparison to Industry Standards
- Stock grants are a common form of executive compensation in publicly traded companies.
- The vesting schedule of the restricted stock is typical for long-term incentive plans.
- Companies like Ecolab and Clorox also use stock grants as part of their executive compensation packages.
Stakeholder Impact
- Shareholders may view the stock grant as a positive sign, aligning management's interests with the company's long-term success.
- The tax liability coverage ensures that the executive is not unduly burdened by taxes related to the stock grant.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Date of stock acquisition and disposal. |
| 10/19/2028 | Scheduled vesting date of the restricted stock. |
| 10/21/2024 | Date of signature for the report. |
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