Form 4: Optical Cable Corp Director Craig H. Weber Receives Stock Award
SEC Form 4 Filing
Director Craig H. Weber receives 9,057 common shares of Optical Cable Corp as part of his annual retainer.
Summary
- Craig H. Weber, a director at Optical Cable Corp, received 9,057 common shares on May 2, 2025.
- The shares were awarded as part of the annual retainer for the 2025-2026 board year.
- The retainer value was $30,000, with the stock portion calculated at a trading price of $3.3125 per share.
- These shares are subject to forfeiture until they fully vest on May 3, 2026.
- Following the transaction, Weber directly owns 228,267 shares of Optical Cable Corp.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The stock award is a routine part of director compensation, indicating stability and alignment of interests.
Positives
- The director's stock ownership aligns his interests with those of the shareholders.
- The stock award is part of a defined compensation plan, providing transparency.
Risks
- The shares are subject to forfeiture until they fully vest, which could be a disincentive if Weber leaves the board before May 3, 2026.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's future performance.
Industry Context
Director compensation through stock awards is a common practice in publicly traded companies to align the interests of directors with those of shareholders. The size and structure of the award are typical for companies of Optical Cable Corp's size and industry.
Comparison to Industry Standards
- Stock awards for directors are a common practice across the industry.
- Companies like CommScope and Corning also use stock-based compensation for their board members.
- The value of the award is comparable to similar-sized companies in the telecommunications equipment sector.
Stakeholder Impact
- Shareholders may view the stock award positively as it aligns the director's interests with the company's performance.
- Employees may see this as a sign of stability and commitment from the board.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of transaction: Craig H. Weber received 9,057 common shares. |
| 05/03/2026 | Vesting date: The 9,057 common shares fully vest. |
| 2025-2026 | Board year for which the stock award was granted. |
Keywords
Optical Cable Corp, Director, Stock Award, Common Shares, Craig H. Weber, Compensation, Retainer, OCC
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