Form 4: Optical Cable Corp Director Sells Shares for Tax Payment

Optical Cable Corp Director John M. Holland reported a transaction involving the surrender of 2,513 shares to cover tax obligations on previously granted restricted stock.

Summary

• John M. Holland, a Director at Optical Cable Corp (OCC), reported a transaction on May 3, 2026.
• Holland surrendered 2,513 shares of common stock.
• This surrender was made under the Company's 2017 Stock Incentive Plan to cover taxes due on previously granted restricted shares.
• Following this transaction, Holland beneficially owns 147,507 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents a standard insider transaction for tax settlement rather than a strategic move or a reflection of company performance.

Future Outlook

No specific future outlook or guidance was provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not typically provide strategic insights. This transaction appears to be a routine tax settlement related to equity compensation.

Key Dates

Keywords

Form 4, SEC Filing, Optical Cable Corp, OCC, Insider Transaction, Stock Surrender, Tax Payment, Director