Marc McConnell reports 1,000-share grant and large indirect ARTW stake via LLC

Rhea-AI Filing Summary

Marc H. McConnell, who serves as President, CEO, Chairman and a director of Arts-Way Manufacturing Co., reported a purchase of 1,000 shares of Common Stock on 08/31/2025 under the director compensation plan as fully vested restricted stock. The Form 4 shows 220,500 shares reported as beneficially owned directly following the transaction and several indirect holdings: 5,580 shares held via an IRA, 5,000 shares held for each of two children, and 2,149,819 shares held indirectly through McConnell Legacy Investments, LLC, of which he is Managing Member. The filing also details multiple restricted-stock tranches subject to staggered vesting dates in 2026 and 2027–2028.

Positive

• Receipt of 1,000 fully-vested restricted shares under the director compensation plan, aligning executive interests with shareholders
• Clear disclosure of substantial indirect ownership through McConnell Legacy Investments, LLC, demonstrating insider stake
• Detailed vesting schedules for restricted tranches provide transparency on timing of future share release

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation grant; filing shows concentrated insider ownership with staggered restricted-stock vesting.

The Form 4 documents a standard director compensation award of 1,000 fully vested restricted shares, which is commonly used to align board members with shareholder interests. The report highlights significant indirect ownership through McConnell Legacy Investments, LLC, indicating concentrated insider ownership that can influence governance outcomes. The staggered vesting schedule for other restricted shares creates multi-year alignment but also staging of potential future insider selling or transfer restrictions as those tranches lapse.

Securities Analyst

TL;DR: Transaction is immaterial to market float but confirms insider commitment via both direct and large indirect holdings.

The 1,000-share grant reported at no cash price appears administrative and immaterial to supply-demand dynamics for ARTW. However, the combination of direct holdings (220,500 shares reported) and a large indirect position (2,149,819 shares via an LLC) signals meaningful insider concentration. The filing discloses specific restricted-stock vesting dates through 2028, which is useful for anticipating when additional shares may become unrestricted.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MCCONNELL MARC H

(Last) (First) (Middle)

5556 HIGHWAY 9

(Street)

ARMSTRONG IA 50514

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARTS WAY MANUFACTURING CO INC [ ARTW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President, CEO and Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/31/2025		A		1,000(1)	A	$0	220,500(2)	D
Common Stock								5,580	I	By IRA #1
Common Stock								5,000	I	By Child #1
Common Stock								5,000	I	By Child #2
Common Stock								2,149,819	I	McConnell Legacy Investments, LLC(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents fully-vested restricted stock granted pursuant to the director compensation plan.

2. Includes (i) 178,834 shares of fully vested stock; (ii) 8,333 shares of restricted stock for which risks of forfeiture lapse on 1/26/2026; 13,333 shares of restricted stock for which risks of forfeiture lapse as to 6,667 on 2/7/2026 and as to 6,666 shares on 2/7/2027; and (iii) 20,000 shares of restricted stock for which risks of forfeiture lapse as to 6,666 shares on 1/24/2026 and as to 6,667 shares on each of 1/24/2027 and 1/24/2028.

3. The Reporting Person serves as Managing Member of McConnell Legacy Investments, LLC.

	/s/ Michael W. Woods as Attorney-in-Fact for Marc H. McConnell	08/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transaction did Marc H. McConnell report on the Form 4 for ARTW?

The Form 4 reports a purchase/acquisition of 1,000 shares of ARTW Common Stock on 08/31/2025 received as fully-vested restricted stock under the director compensation plan.

How many ARTW shares does Marc H. McConnell report as directly beneficially owned after the transaction?

The filing shows 220,500 shares reported as directly beneficially owned following the reported transaction.

Does Marc H. McConnell have indirect ownership in ARTW?

Yes. The Form 4 reports 5,580 shares via an IRA, 5,000 shares held for each of two children, and 2,149,819 shares held indirectly through McConnell Legacy Investments, LLC.

What roles does Marc H. McConnell hold at Arts-Way Manufacturing Co.?

The Form 4 lists Marc H. McConnell as President, CEO, Chairman and a Director; it also marks him as a 10% owner.

Are there vesting schedules disclosed for other restricted shares?

Yes. The filing details multiple restricted-stock tranches with vesting dates in January and February 2026, February 2027, and staggered vesting through January 2028.