Form 4: Optical Cable Corp Director Randall H. Frazier Reports Acquisition of 9,990 Shares

Director Randall H. Frazier reports acquiring 9,990 shares of Optical Cable Corp common stock as part of his annual retainer.

Summary

• On May 17, 2024, Randall H. Frazier, a director of Optical Cable Corp, acquired 9,990 shares of common stock.
• The acquisition was part of his annual retainer for the 2024-2025 board year.
• The shares were issued under the Optical Cable Corporation 2017 Stock Incentive Plan, as amended.
• The retainer value was $30,000, with a trading price per share of $3.003.
• The shares are subject to forfeiture until they fully vest on May 18, 2025.
• Following the transaction, Frazier directly owns 86,314 shares of Optical Cable Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The document reports a routine stock grant to a director, which is a normal part of corporate governance. The director's increased stake in the company could be viewed as a positive sign.

Positives

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

Industry Context

This is a routine disclosure related to director compensation and is common practice for publicly traded companies. It reflects the company's compensation policies and aligns director interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and stock.
• Granting stock that vests over time is a common method to incentivize long-term performance and align director interests with those of shareholders.
• The specific amount and vesting schedule can vary widely based on company size, industry, and individual director roles and responsibilities.
• Comparing Optical Cable Corp's director compensation to similar-sized companies in the telecommunications or manufacturing sectors would provide a more detailed benchmark.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive sign of alignment with their interests.
• Employees are unlikely to be directly impacted by this transaction.

Key Dates