Form 4: Optical Cable Corp Director Randall H. Frazier Reports Acquisition of 9,057 Shares

Director Randall H. Frazier reports acquiring 9,057 shares of Optical Cable Corp common stock as part of his annual retainer.

Summary

• Randall H. Frazier, a director at Optical Cable Corp, filed a Form 4 on May 5, 2025, reporting a transaction on May 2, 2025.
• Frazier acquired 9,057 shares of common stock as part of his director compensation.
• The shares were awarded 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 9,057 common shares are subject to forfeiture until they fully vest on May 3, 2026.
• Following the transaction, Frazier beneficially owns 91,871 shares of Optical Cable Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares indicates confidence, but it's a routine transaction.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The stock award aligns the director's interests with those of the shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders.

Related Party Transactions

• The stock award to the director is a related party transaction.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence.

Key Dates

Keywords

Form 4, Director, Stock Incentive Plan, Common Stock, Optical Cable Corp, OCC, Beneficial Ownership, Randall H. Frazier