Form 4: OCC CFO Smith Disposes Shares for Tax Obligation

Optical Cable Corp's SVP and CFO, Tracy G. Smith, disposed of 4,341 common shares to cover tax liabilities on previously granted restricted stock.

Summary

• Optical Cable Corp's Senior Vice President and Chief Financial Officer, Tracy G. Smith, disposed of 4,341 shares of common stock.
• The transaction took place on January 31, 2026, at a price of $4.93 per share.
• The shares were surrendered to satisfy tax obligations arising from previously granted restricted stock, in accordance with the company's 2017 Stock Incentive Plan.
• Following this transaction, Tracy G. Smith beneficially owns 346,311 shares of Optical Cable Corp common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative action related to executive compensation rather than a discretionary sale or a significant change in company fundamentals.

Positives

• The transaction demonstrates the vesting and taxation of previously granted restricted stock, indicating the executive's long-term incentive compensation is being realized.
• The disposition was a non-discretionary event to cover tax liabilities, not a market sale for personal liquidity.

Negatives

• A reduction in direct share ownership by a key executive, even for tax purposes, slightly decreases their direct stake in the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding on restricted stock, are common occurrences across all industries for executives receiving equity compensation. This specific transaction is a routine administrative event related to executive compensation at Optical Cable Corp.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a market sale. It slightly reduces the executive's direct ownership but is part of a standard compensation structure.
• Management: The transaction reflects the realization of previously granted equity compensation for the SVP and CFO.

Key Dates

Keywords

Optical Cable Corp, OCC, Tracy G. Smith, CFO, Insider Transaction, Form 4, Stock Incentive Plan, Restricted Stock, Tax Withholding, Share Disposition