Form 4: Oil-Dri Corp Executive Lamson Receives Stock Grant
SEC Form 4 Filing
Christopher B. Lamson, Group VP of Retail & Wholesale at Oil-Dri Corp of America, was granted 3,500 shares of restricted stock on October 19, 2024.
Summary
- Christopher B. Lamson, a Group VP at Oil-Dri Corp of America, received 3,500 shares of restricted stock on October 19, 2024.
- The grant was made under the Oil-Dri Corporation of America 2006 Long Term Incentive Plan.
- The restricted stock will vest in full on October 19, 2028.
- The grant was priced at $68.43 per share, based on the closing price on October 21, 2024.
- Following the transaction, Lamson directly owns 38,751 shares of Oil-Dri Corp of America.
Sentiment
Score: 6
Explanation: The document is a routine filing related to executive compensation, which is neither particularly positive nor negative. It reflects standard corporate governance practices.
Positives
- The grant of restricted stock aligns the executive's interests with those of the shareholders, incentivizing long-term performance.
Industry Context
Stock grants are a common form of executive compensation used to align management's interests with those of shareholders.
Stakeholder Impact
- The stock grant could have a minor positive impact on shareholder sentiment by aligning executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Date of the stock grant transaction. |
| 10/21/2024 | Date of the closing price used to value the stock grant. |
| 10/21/2024 | Date of the Form 4 filing. |
| 10/19/2028 | Vesting date of the restricted stock. |
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