Director Matthew Westendorf granted 1,000 ARTS WAY (ARTW) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westendorf Matthew reported acquisition or exercise transactions in this Form 4 filing.
ARTS WAY MANUFACTURING CO INC director Matthew Westendorf received a grant of 1,000 shares of common stock as fully-vested restricted stock under the director compensation plan. The award was recorded at a price of $0.00 per share and increases his directly owned holdings to 28,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Westendorf Matthew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,000 shares (Direct)
Footnotes (1)
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FAQ
What did ARTS WAY MANUFACTURING (ARTW) director Matthew Westendorf report on this Form 4?
Director Matthew Westendorf reported receiving 1,000 shares of ARTS WAY MANUFACTURING common stock. These shares were granted as fully-vested restricted stock under the company’s director compensation plan, increasing his directly held stake to 28,000 shares after the transaction.
Was the ARTS WAY MANUFACTURING (ARTW) stock grant to Matthew Westendorf a purchase or an award?
The transaction was an award, not a market purchase. Form 4 identifies it with code “A” for grant, award, or other acquisition, and the footnote states it represents fully-vested restricted stock granted under the company’s director compensation plan.
What is Matthew Westendorf’s total ARTS WAY MANUFACTURING (ARTW) ownership after the grant?
After receiving 1,000 fully-vested restricted shares, Matthew Westendorf directly owns 28,000 shares of ARTS WAY MANUFACTURING common stock. This total reflects his holdings immediately following the reported director compensation award transaction on the Form 4.
What does the footnote in Matthew Westendorf’s ARTS WAY (ARTW) Form 4 explain?
The footnote clarifies that the reported 1,000 shares are fully-vested restricted stock. They were granted pursuant to ARTS WAY MANUFACTURING’s director compensation plan, confirming the transaction is a compensation award rather than an open-market purchase or sale of shares.