Form 4: Optical Cable Corp Director John M. Holland Receives Stock Award

Director John M. Holland receives 9,057 common shares as part of his annual retainer for the 2025-2026 board year.

Summary

• John M. Holland, a director at Optical Cable Corp, reported a transaction on May 2, 2025, where he acquired 9,057 shares of common stock.
• These shares were awarded as part of his annual retainer for the 2025-2026 board year.
• The shares were issued under the Optical Cable Corporation 2017 Stock Incentive Plan, as amended.
• The retainer value was $30,000, with the stock priced at $3.3125 per share.
• The shares are subject to forfeiture until they fully vest on May 3, 2026.
• Following the transaction, Holland directly owns 150,020 shares of Optical Cable Corp.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally neutral to positive. The alignment of director interests with shareholders is a positive factor.

Positives

• The director's receipt of stock aligns his interests with those of the shareholders.
• The stock award is part of a pre-existing compensation plan, suggesting a structured approach to director compensation.

Future Outlook

The awarded shares will vest on May 3, 2026, contingent on the director's continued service.

Industry Context

Stock awards are a common form of compensation for directors, aligning their interests with the company's performance. This is a standard practice in publicly traded companies to incentivize board members.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• Stock awards are a common component, often vesting over a period of one to three years.
• The specific amount and vesting schedule are typically benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• Shareholders may view the stock award positively as it aligns the director's interests with the company's performance.
• The award has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Optical Cable Corp, Director, Stock Award, Form 4, John M. Holland, Compensation, Shares, OCC