Form 4: Optical Cable Corp Director John A. Nygren Jr. Acquires 9,057 Shares as Part of Annual Retainer

Director John A. Nygren Jr. acquired 9,057 shares of Optical Cable Corp common stock as part of his annual retainer for the 2025-2026 board year.

Summary

• John A. Nygren Jr., a director at Optical Cable Corp, reported a transaction on May 2, 2025.
• Nygren acquired 9,057 shares of common stock as part of his annual retainer.
• The shares were issued under the Optical Cable Corporation 2017 Stock Incentive Plan, as amended.
• The stock portion of the annual retainer for the 2025-2026 board year is valued at $30,000, with a price per share of $3.3125.
• The acquired shares are subject to forfeiture until they fully vest on May 3, 2026.
• Following the transaction, Nygren beneficially owns 95,847 shares of Optical Cable Corp.
• The filing was signed on May 5, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's stock acquisition is a routine part of their compensation and signals confidence in the company's future.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The stock incentive plan aligns director compensation with company performance.

Industry Context

Director compensation in the form of stock is a common practice in publicly traded companies to align the interests of management with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for board members is a common practice among publicly listed companies.
• The specific amount and vesting schedule can vary widely based on company size, industry, and individual director roles.
• Comparing Optical Cable Corp's director compensation structure to similar-sized companies in the telecommunications or manufacturing sectors would provide a more detailed benchmark.

Stakeholder Impact

• The stock acquisition by a director could positively influence shareholder sentiment.
• The stock incentive plan aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Optical Cable Corp, Director, Stock Acquisition, Form 4, Beneficial Ownership, Nygren, OCC