Director at Cardiff Lexington (CDIX) receives 5,000-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Staley Louis Jack Sr. reported acquisition or exercise transactions in this Form 4 filing.
Cardiff Lexington Corp director Staley Louis Jack Sr. received a grant of 5,000 shares of Common Stock as a restricted stock award on April 1, 2026. The award was granted at a price of $0.00 per share as equity compensation, not an open-market purchase. The shares are scheduled to vest in equal installments quarterly over four quarters starting July 1, 2026, contingent on his continued service under the company’s 2024 Equity Incentive Plan. Following this grant, he beneficially owns 11,668 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Staley Louis Jack Sr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,668 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock award: 5,000 shares
Grant price: $0.00 per share
Post-transaction holdings: 11,668 shares
+2 more
5 metrics
Restricted stock award
5,000 shares
Granted April 1, 2026 as Common Stock
Grant price
$0.00 per share
Equity compensation, not open-market purchase
Post-transaction holdings
11,668 shares
Total Common Stock beneficially owned after grant
Vesting schedule
4 quarterly installments
Vesting begins July 1, 2026, subject to Continuous Service
Transaction code
A (grant/award acquisition)
Indicates a restricted stock award, not a market trade
Key Terms
restricted stock award, 2024 Equity Incentive Plan, Continuous Service
3 terms
restricted stock award financial
"was granted a restricted stock award for 5,000 shares of Common Stock"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
2024 Equity Incentive Plan financial
"under the Issuer's 2024 Equity Incentive Plan, which shall vest quarterly"
Continuous Service financial
"commencing on July 1, 2026, subject to the Reporting Person's Continuous Service"
FAQ
What insider transaction did Cardiff Lexington (CDIX) report for Staley Louis Jack Sr.?
Cardiff Lexington reported that director Staley Louis Jack Sr. received a grant of 5,000 shares of Common Stock as a restricted stock award on April 1, 2026. This is equity compensation rather than an open-market share purchase.
Under which plan was the Cardiff Lexington (CDIX) director’s restricted stock award granted?
The director’s 5,000-share restricted stock award was granted under Cardiff Lexington’s 2024 Equity Incentive Plan. The plan governs the grant terms, including quarterly vesting and the requirement that the director maintain Continuous Service for the shares to vest.