Form 4: Optical Cable Corp Director Holland Sells Shares to Cover Tax Obligations

Director John M. Holland of Optical Cable Corp sold 1,981 shares of common stock on July 27, 2024, to cover tax obligations related to previously granted restricted shares.

Summary

• On July 27, 2024, John M. Holland, a director of Optical Cable Corp, disposed of 1,981 shares of common stock.
• The transaction was executed to cover the payment of taxes due on previously granted restricted shares, as allowed by the company's 2017 Stock Incentive Plan.
• The shares were sold at a price of $2.67 per share.
• Following the transaction, Holland directly owns 140,963 shares of Optical Cable Corp.
• The transaction was reported on July 30, 2024.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to tax obligations, which is neither particularly positive nor negative. It's a neutral event in the context of the company's overall performance.

Industry Context

Sales of shares to cover tax obligations are a routine part of equity compensation plans and are not necessarily indicative of a negative outlook on the company.

Stakeholder Impact

• The sale of shares by a director could have a minor, temporary impact on shareholder sentiment.

Key Dates