Form 4: SpringBig Director Marc Shiffman Awarded Over 1.19M Shares

SpringBig Holdings, Inc. Director Marc Shiffman received a restricted stock award of 1,193,623 common shares, vesting over three years.

Summary

• Marc Shiffman, a Director of SpringBig Holdings, Inc. (SBIG), was granted a restricted stock award of 1,193,623 shares of common stock.
• The award was made pursuant to the issuer's 2022 Amended and Restated Long-Term Incentive Plan.
• The shares will vest in three tranches: 397,874 shares on September 23, 2025; 397,874 shares on September 23, 2026; and the remaining 397,875 shares on September 23, 2027.
• The transaction date for this award was August 29, 2025, with a reported price of $0 per share, typical for restricted stock grants.

Sentiment

Score: 7

Explanation: The grant of a significant restricted stock award to a director is generally a positive signal, indicating long-term commitment and alignment of interests with shareholders, though it does not directly reflect operational or financial performance.

Positives

• The significant restricted stock award to a director aligns management's interests with long-term shareholder value.
• The multi-year vesting schedule demonstrates a commitment to the company's sustained performance and future growth.

Risks

• The value of the restricted stock award is subject to the future performance of SpringBig's stock price.
• Potential future dilution for existing shareholders if the company issues more shares under its incentive plan.

Future Outlook

The restricted stock award, with its multi-year vesting schedule, indicates a long-term commitment from a key director, suggesting an expectation of sustained company performance and value creation over the coming years.

Industry Context

Restricted stock awards are a common form of executive and director compensation across various industries, used to incentivize long-term performance and align interests with shareholders. This award is consistent with standard corporate governance practices for retaining and motivating key personnel.

Comparison to Industry Standards

• The use of a restricted stock award with a multi-year vesting schedule is a standard practice in executive and director compensation across publicly traded companies, including those in the technology and cannabis-related sectors where SpringBig operates.
• The size of the award (over 1.19 million shares) should be evaluated in the context of SpringBig's total outstanding shares and market capitalization to assess its relative significance compared to similar awards at peer companies.

Corporate Governance

Related Party Transactions

• The restricted stock award to Marc Shiffman, a Director of SpringBig Holdings, Inc., constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Potential for increased alignment of director interests with shareholder value, but also potential for future dilution from the issuance of new shares upon vesting.
• Employees: May signal stability and confidence in the company's future, potentially boosting morale.

Next Steps

• The vesting of 397,874 shares on September 23, 2025.
• The vesting of 397,874 shares on September 23, 2026.
• The vesting of the remaining 397,875 shares on September 23, 2027.

Key Dates

Keywords

SpringBig Holdings, SBIG, Marc Shiffman, Restricted Stock Award, Director Compensation, Equity Grant, Long-Term Incentive Plan, SEC Form 4, Insider Ownership