[Form 4] Arts-Way Manufacturing Co Inc Insider Trading Activity
Rhea-AI Filing Summary
Thomas E. Buffamante, a director of Arts-Way Manufacturing Co., acquired 1,000 shares of common stock on 08/31/2025 as fully-vested restricted stock under the company's director compensation plan. The transaction shows a $0 price for the grant and increases his beneficial ownership to 58,000 shares, reported as direct ownership. The Form 4 was filed by a single reporting person and signed by an attorney-in-fact on the same date. The filing does not disclose derivative transactions, amendments, or additional cash consideration.
Positive
- Director received fully-vested restricted stock under the director compensation plan, indicating immediate ownership rather than contingent awards.
- Beneficial ownership increased to 58,000 shares, with the change reported as direct ownership.
- Form 4 appears complete for the disclosed non-derivative transaction, including reporting person, relationship, transaction date, and signature.
Negative
- None.
Insights
TL;DR: A director received fully-vested restricted shares, modestly increasing direct ownership to 58,000 shares; routine director compensation disclosure.
This Form 4 documents a standard director-compensation equity grant rather than an open-market purchase or option exercise. Fully-vested restricted stock issued at $0 typically reflects compensation for board service rather than a cash-based investment. From a governance perspective, the disclosure is timely and complete for the specific non-derivative transaction reported, but it provides no information about vesting contingencies beyond the statement that the shares are fully vested.
TL;DR: Filing properly reports the director's grant and resultant beneficial ownership; no flagged irregularities in the disclosed items.
The form identifies the reporting person, relationship to the issuer (director), transaction date, and the signature by an attorney-in-fact, satisfying key Form 4 elements. There are no derivative positions disclosed and the report indicates a direct ownership change. The grant was reported with a $0 price, consistent with equity awards made as compensation. The filing contains no indications of amendments, Rule 10b5-1 plans, or unusual transaction codes that would raise compliance concerns.