American Vanguard (AVD) director receives 17,621 deferred stock units
Rhea-AI Filing Summary
Carmen Tiu de Mino, a director of American Vanguard Corporation (AVD), was awarded 17,621 deferred stock units on 08/07/2025 as part of the company's non-management director compensation program. Each deferred stock unit (DSU) entitles the holder to one share upon settlement when the recipient's service with the company ends; DSUs are nontransferable and carry neither voting nor dividend rights during the remaining term of service.
Following the award, the reporting person beneficially owned 24,407 shares on a direct basis. The DSUs were issued at a recorded price of $0 and are subject to the company's standard DSU agreement.
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Insights
TL;DR: Routine director compensation awarded as deferred stock units; DSUs do not carry voting or dividend rights while service continues.
The filing documents a standard non-management director award of 17,621 DSUs to Carmen Tiu de Mino. The disclosure explicitly states DSUs convert to one share each upon settlement when service ends, and during the remaining term they are nontransferable and carry neither voting nor dividend rights. This means the DSUs do not convey immediate shareholder voting power or dividend entitlement until settlement occurs, and they are governed by the company's standard DSU agreement.
TL;DR: Insider holdings increased to 24,407 shares after issuance of 17,621 DSUs; DSUs were recorded at $0 as director compensation.
The Form 4 reports a compensatory issuance of 17,621 deferred stock units on 08/07/2025. The table shows a post-transaction beneficial ownership of 24,407 shares held directly. The recorded price for the DSUs is $0, consistent with an equity-based compensation award rather than an open-market purchase or sale. The DSUs convert to shares upon settlement and carry no voting or dividend rights during the service period.