Form 4: Surge Components CEO Ira Levy Receives Stock Grant

Ira Levy, CEO, CFO, and President of Surge Components, acquired 5,085 shares of common stock on May 22, 2024, as a grant under the company's 2015 Stock Incentive Plan.

Summary

• On May 22, 2024, Ira Levy, the CEO, CFO, and President of Surge Components, acquired 5,085 shares of common stock.
• The acquisition was a grant under the company's 2015 Stock Incentive Plan and involved no consideration.
• Following the transaction, Levy directly owns 1,280,287 shares of Surge Components Inc.
• The transaction was reported on June 3, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The document reports a routine stock grant to the CEO, which is generally viewed as a positive incentive.

Positives

• The stock grant to the CEO aligns his interests with those of the shareholders.

Industry Context

Stock grants are a common form of executive compensation in the electronics components industry, aligning management interests with shareholder value.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the electronics industry.
• Companies like Vishay Intertechnology and KEMET Corporation also utilize stock grants as part of their executive compensation plans.
• The size of the grant is relatively small compared to the total shares owned by Ira Levy.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholders by aligning management's interests with the company's performance.

Key Dates

Keywords

Surge Components, Ira Levy, Stock Grant, Beneficial Ownership, Form 4, SPRS, CEO, CFO, President