Form 4: Old Market Capital Corp CEO Acquires Shares as Part of Compensation Package

Old Market Capital Corp's CEO, Jeffrey C. Royal, acquired 42,467 shares of common stock as part of his compensation and company match program.

Summary

• Jeffrey C. Royal, the CEO of Old Market Capital Corp, acquired a total of 42,467 shares of common stock on January 9, 2025.
• 12,467 shares were issued as compensation for his services as chief executive officer, as per his employment agreement.
• An additional 30,000 shares were issued as a one-time company match for his personal purchases of the company's stock.
• The shares were acquired at a price of $0, indicating they were part of a compensation package rather than a market purchase.
• Following these transactions, Mr. Royal's total direct holdings in Old Market Capital Corp increased to 142,259 shares.

Sentiment

Score: 7

Explanation: The document reflects a positive alignment of management and shareholder interests through stock-based compensation, which is generally viewed favorably.

Positives

• The CEO's increased stake in the company through compensation and matching programs aligns his interests with those of shareholders.
• The company's commitment to matching the CEO's stock purchases demonstrates confidence in the company's future performance.

Management Comments

• The shares were issued to the reporting person as compensation for his services as chief executive officer pursuant to his employment agreement dated September 27, 2024.
• These shares were issued to the reporting person in accordance with the Employment Agreement as a one-time company match of purchases of the registrant's shares made by the reporting person.

Industry Context

This type of share acquisition is common for executive compensation packages, aligning management's interests with shareholders.

Comparison to Industry Standards

• Many companies use stock options and grants as part of executive compensation packages to incentivize performance and align interests with shareholders.
• The practice of matching executive stock purchases is less common but can be seen as a strong signal of management's confidence in the company's future.

Stakeholder Impact

• Shareholders may view the CEO's increased stake as a positive sign of confidence in the company's future.
• Employees may see this as a sign of stability and commitment from the leadership.

Key Dates

Keywords

insider trading, share acquisition, executive compensation, stock options, common stock, CEO, OMCC, Old Market Capital Corp