CAL-MAINE FOODS (NASDAQ: CALM) director receives 1,301-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Highfield Michael J reported acquisition or exercise transactions in this Form 4 filing.
CAL-MAINE FOODS INC director Michael J. Highfield received a grant of 1,301 shares of common stock as equity compensation. The award is structured as time-vesting restricted stock and will fully vest on January 12, 2029, aligning his ownership directly with long-term shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Highfield Michael J
Role
OUTSIDE DIRECTOR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,301 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,301 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,301 shares
Price per share: $0.0000 per share
Shares after transaction: 1,301 shares
+1 more
4 metrics
Restricted stock grant
1,301 shares
Time-vesting award to director Michael J. Highfield
Price per share
$0.0000 per share
Indicates stock granted as compensation
Shares after transaction
1,301 shares
Total direct holdings following grant
Vesting date
January 12, 2029
Time-vesting restricted stock vesting date
Key Terms
restricted stock, time-vesting, Grant, award, or other acquisition, beneficial ownership
4 terms
restricted stock financial
"Represents a grant of time-vesting restricted stock, which will vest on January 12, 2029."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
time-vesting financial
"Represents a grant of time-vesting restricted stock, which will vest on January 12, 2029."
Time-vesting is a schedule that gives someone the right to a stock option, restricted share, or other award gradually over a set period rather than all at once; the recipient only “earns” portions of the grant as time passes. For investors, time-vesting matters because it affects when new shares can enter the market, how long employees have incentives to stay and perform, and the timing of potential dilution or insider selling—think of it like receiving paychecks of ownership instead of a lump-sum grant.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
beneficial ownership financial
"total_shares_following_transaction": "1301.0000""
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did CALM director Michael J. Highfield report?
Michael J. Highfield reported receiving 1,301 shares of CAL-MAINE FOODS common stock. The Form 4 shows this as a grant or award rather than an open-market purchase, reflecting equity-based compensation for his role as an outside director.
Was the CALM insider transaction a stock purchase or a grant?
The transaction was a grant of restricted stock, not an open-market purchase. Form 4 code A identifies it as a grant, award, or other acquisition with a price per share of $0.0000, indicating compensation rather than cash investment.
When will Michael J. Highfield’s CALM restricted stock vest?
The 1,301 shares granted to Michael J. Highfield are time-vesting restricted stock. According to the filing footnote, these shares will vest on January 12, 2029, meaning he generally must remain eligible through that date to receive them fully.