AstroNova (NASDAQ: ALOT) director exits stake at $29 in merger payout
Rhea-AI Filing Summary
AstroNova, Inc. (ALOT) reported that director Yvonne Schlaeppi disposed of all reported equity interests in connection with a merger closing. On 2026-08-26, she disposed of 51,920.954 shares of common stock to the issuer at $29.00 per share under an Agreement and Plan of Merger. On the same date, two vested stock option grants for 5,000 shares each were cancelled pursuant to the Merger Agreement in exchange for cash payments equal to the difference between the $29.00 merger consideration and their respective exercise prices.
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Insights
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Insider Trade Summary
Net Seller: 51,920.954 shares
Net Sell
3 txns
Insider
Schlaeppi Yvonne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Purchase) F2 | 5,000 | $10.75 | $54K |
| Disposition | Stock Option (Right to Purchase) F3 | 5,000 | $13.05 | $65K |
| Disposition | Common Stock F1 | 51,920.954 | $29.00 | $1.51M |
Holdings After Transaction:
Stock Option (Right to Purchase) — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. Disposed of pursuant to that certain Agreement and Plan of Merger, dated as of June 16, 2026, by and among AstroNova, Inc. (the "Company"), Orion Merger Parent, Inc. ("Parent"), and Orion MergerCo X, Inc., a wholly owned subsidiary of Parent (as it may be amended from time to time, the "Merger Agreement").
- F2. Stock Option originally granted on June 4, 2018, which became fully vested at the Company's 2019 Annual Meeting of Shareholders, and was cancelled on the Transaction Date as provided for in the Merger Agreement in exchange for an aggregate cash payment of $53,750, representing an amount equal to the product of: (i) the aggregate number of shares of the Company's common stock, par value $0.05 per share (the "Common Stock") subject to such Stock Option multiplied by (ii) the excess, if any, of $29.00 (the "Merger Consideration") over the per share exercise price under such Stock Option.
- F3. Stock Option originally granted on April 3, 2018, which became fully vested on April 3, 2019, and was cancelled on the Transaction Date as provided for in the Merger Agreement in exchange for an aggregate cash payment of $65,250, representing an amount equal to the product of: (i) the aggregate number of shares of the Company's common stock, par value $0.05 per share (the "Common Stock") subject to such Stock Option multiplied by (ii) the excess, if any, of $29.00 (the "Merger Consideration") over the per share exercise price under such Stock Option.
Key Figures
Common stock disposed: 51,920.954 shares at $29.00 per share
Post-transaction common stock holdings: 0.0000 shares
First option cash payment: $53,750
+4 more
7 metrics
Common stock disposed
51,920.954 shares at $29.00 per share
Disposition to issuer on 2026-08-26 under the Merger Agreement
Post-transaction common stock holdings
0.0000 shares
Direct ownership after the 51,920.954-share disposition
First option cash payment
$53,750
5,000-share option at $18.25 exercise price; paid 5,000 × ($29.00 − $18.25)
Second option cash payment
$65,250
5,000-share option at $15.95 exercise price; paid 5,000 × ($29.00 − $15.95)
Merger Consideration
$29.00 per share
Cash consideration per share of AstroNova common stock in the merger
Option shares cancelled (each grant)
5,000 shares
Two fully vested stock option grants cancelled on 2026-08-26
Option expiration dates
2028-06-04 and 2028-04-03
Original expiration dates of the two cancelled option grants
Key Terms
Agreement and Plan of Merger, Merger Consideration, Stock Option (Right to Purchase)
3 terms
Agreement and Plan of Merger regulatory
"Disposed of pursuant to that certain Agreement and Plan of Merger, dated as of"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"excess, if any, of $29.00 (the "Merger Consideration") over the per share"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Stock Option (Right to Purchase) financial
"Stock Option (Right to Purchase) originally granted on June 4, 2018"
FAQ
What did AstroNova (ALOT) director Yvonne Schlaeppi report in this Form 4?
She reported the disposition of 51,920.954 shares of AstroNova common stock at $29.00 per share and the cancellation of two fully vested stock option grants of 5,000 shares each, all in connection with a merger transaction.
What happened to Yvonne Schlaeppi’s stock options in AstroNova (ALOT)?
Two fully vested stock option grants for 5,000 shares each were cancelled on 2026-08-26 under the Merger Agreement. Each was exchanged for cash equal to 5,000 times the excess of $29.00 over its per share exercise price.
What cash did Yvonne Schlaeppi receive for her cancelled AstroNova (ALOT) options?
One option grant generated an aggregate cash payment of $53,750, and the other generated $65,250. Each payment equals the number of option shares (5,000) multiplied by the excess of the $29.00 Merger Consideration over the option’s exercise price.
Does Yvonne Schlaeppi report any remaining AstroNova (ALOT) holdings after these transactions?
The Form 4 reports 0.0000 shares of common stock owned directly following the disposition of 51,920.954 shares, and the derivative summary shows no remaining reported stock option positions in this filing.
What is the Merger Consideration referenced for AstroNova (ALOT)?
The Merger Consideration is stated as $29.00 per share of AstroNova common stock. It is used to determine the cash received for both the common stock disposition and for the cancellation of the stock options under the Merger Agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
