Cadre Holdings (CDRE) CEO awarded large performance-based option and RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cadre Holdings CEO and chairman Warren B. Kanders received significant performance-based equity awards in the form of stock options and restricted stock units. On the reported date, he was granted options to purchase 496,500 and 616,500 shares of common stock at an exercise price of $28.75 per share, and 261,000 and 373,000 restricted stock units.
All awards vest only if, on or before June 16, 2033, Cadre’s stock reaches specified volume-weighted average price targets of $60 or $80 per share over a 20-day period. These are compensation grants, not open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
KANDERS WARREN B
Role
CEO AND CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 261,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 373,000 | $0.00 | -- |
| Grant/Award | Stock Option (right to purchase) | 496,500 | $0.00 | -- |
| Grant/Award | Stock Option (right to purchase) | 616,500 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 261,000 shares (Direct, null);
Stock Option (right to purchase) — 496,500 shares (Direct, null)
Footnotes (1)
- Represents an award of restricted stock units granted under Cadre Holdings, Inc.'s (the "Issuer") 2021 Stock Incentive Plan (the "Plan"), consisting of 261,000 restricted stock units relating to shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), all of which will vest if, on or before June 16, 2033, the Common Stock achieves a volume-weighted average trading price ("VWAP") of at least $60.00 per share over a 20 consecutive trading day measurement period. Represents an award of restricted stock units granted under the Plan, consisting of 373,000 restricted stock units relating to shares of the Issuer's Common Stock, all of which will vest if, on or before June 16, 2033, the Common Stock achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day measurement period. The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 496,500 shares of the Issuer's Common Stock will vest and become exercisable if, on or before June 16, 2033, the Common Stock achieves a VWAP of at least $60.00 per share over a 20 consecutive trading day measurement period. The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 616,500 shares of the Issuer's Common Stock will vest and become exercisable if, on or before June 16, 2033, the Common Stock achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day measurement period.
Key Figures
Option grant 1 size: 616,500 options
Option grant 2 size: 496,500 options
RSU grant 1 size: 373,000 RSUs
+4 more
7 metrics
Option grant 1 size
616,500 options
Exercise price $28.75; vesting tied to $80 VWAP by June 16, 2033
Option grant 2 size
496,500 options
Exercise price $28.75; vesting tied to $60 VWAP by June 16, 2033
RSU grant 1 size
373,000 RSUs
Vest if stock reaches $80 VWAP for 20 days by June 16, 2033
RSU grant 2 size
261,000 RSUs
Vest if stock reaches $60 VWAP for 20 days by June 16, 2033
Option exercise price
$28.75 per share
Applies to both stock option grants reported
VWAP hurdle 1
$60.00 per share
20-day VWAP target for lower-threshold awards by June 16, 2033
VWAP hurdle 2
$80.00 per share
20-day VWAP target for higher-threshold awards by June 16, 2033
Key Terms
Restricted Stock Units, 2021 Stock Incentive Plan, volume-weighted average trading price, VWAP, +1 more
5 terms
Restricted Stock Units financial
"Represents an award of restricted stock units granted under the Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Stock Incentive Plan financial
"granted under Cadre Holdings, Inc.'s (the "Issuer") 2021 Stock Incentive Plan"
volume-weighted average trading price financial
"achieves a volume-weighted average trading price ("VWAP") of at least $60.00 per share"
Volume-weighted average trading price (VWAP) is the average price of a stock over a trading period, where each trade’s price is weighted by how many shares changed hands, so big trades move the average more than small ones. Investors use VWAP as a benchmark to tell whether they bought or sold at a good price compared with the market’s trading activity—like checking if your grocery bill was close to the store’s typical daily average when many customers shopped.
VWAP financial
"achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day"
VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.
vesting financial
"all of which will vest if, on or before June 16, 2033, the Common Stock achieves"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Cadre Holdings (CDRE) CEO Warren Kanders report on this Form 4?
He reported equity compensation grants, including stock options and restricted stock units tied to future share-price performance. No open-market share purchases or sales were disclosed in this filing; all transactions are awards under the company’s stock incentive plan.
How many Cadre Holdings (CDRE) stock options were granted to the CEO?
He received stock options covering 496,500 and 616,500 shares of Cadre Holdings common stock. Both grants have a $28.75 exercise price and vest only if the company’s share price meets specified VWAP performance targets by June 16, 2033.
What restricted stock unit (RSU) awards did Cadre Holdings (CDRE) disclose for its CEO?
The filing shows RSU awards of 261,000 and 373,000 units, each tied to Cadre Holdings common stock. These RSUs will vest only if the stock achieves defined VWAP price hurdles over a 20 consecutive trading day period by June 16, 2033.
What performance conditions apply to the new Cadre Holdings (CDRE) equity awards?
All awards vest only if Cadre’s stock reaches VWAP targets of $60 or $80 per share over 20 consecutive trading days on or before June 16, 2033. If the thresholds are not met in time, the awards do not vest.
Are the Cadre Holdings (CDRE) Form 4 transactions open-market trades?
No. The transactions are grant or award acquisitions of options and RSUs under Cadre Holdings’ 2021 Stock Incentive Plan. The filing shows no open-market buying or selling of common shares by Warren B. Kanders on the reported date.