[Form 4] Cadre Holdings, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cadre Holdings, Inc. reported new equity awards for its Chief Financial Officer, Blaine Browers. He received stock options for 115,000 and 92,500 shares of common stock at an exercise price of $28.75 per share, along with restricted stock unit awards covering 69,500 and 48,500 shares.
All four grants are performance-based. The RSUs vest only if the common stock reaches a volume-weighted average price of at least $60.00 or $80.00 per share, depending on the tranche, over a 20 consecutive trading day period on or before June 16, 2033, and then only after the third anniversary of grant. The options have similar VWAP hurdles of $60.00 and $80.00 per share and become exercisable on the later of meeting those conditions and the third anniversary.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Browers Blaine
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 48,500 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 69,500 | $0.00 | -- |
| Grant/Award | Stock Option (right to purchase) | 92,500 | $0.00 | -- |
| Grant/Award | Stock Option (right to purchase) | 115,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 48,500 shares (Direct, null);
Stock Option (right to purchase) — 92,500 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 48,500 restricted stock units relating to shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"). The restricted stock units will vest only 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, with any such vesting to occur upon the later to occur of the date such VWAP condition is achieved and the third anniversary of the date of grant. Represents an award of restricted stock units granted under the Plan, consisting of 69,500 restricted stock units relating to shares of the Issuer's Common Stock. The restricted stock units will vest only 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, with any such vesting to occur upon the later to occur of the date such VWAP condition is achieved and the third anniversary of the date of grant. The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 92,500 shares of the Issuer's Common Stock will vest and become exercisable only 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, with any such vesting and exercisability to occur upon the later to occur of the date such VWAP condition is achieved and the third anniversary of the date of grant. The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 115,000 shares of the Issuer's Common Stock will vest and become exercisable only 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, with any such vesting and exercisability to occur upon the later to occur of the date such VWAP condition is achieved and the third anniversary of the date of grant.
FAQ
What did Cadre Holdings (CDRE) CFO Blaine Browers receive in this Form 4?
Cadre’s CFO Blaine Browers received stock options on 115,000 and 92,500 shares at an exercise price of $28.75, plus restricted stock unit awards for 69,500 and 48,500 shares, all granted as equity compensation under the company’s 2021 Stock Incentive Plan.
Are the new Cadre (CDRE) CFO equity awards time-based or performance-based?
The awards are performance-based. Both the options and restricted stock units vest only if Cadre’s common stock reaches specified volume-weighted average price thresholds and at least three years have passed from the grant date, adding performance and time conditions to the compensation.
What stock price levels must Cadre (CDRE) meet for the CFO’s RSUs to vest?
The RSUs vest only if, on or before June 16, 2033, Cadre’s common stock achieves a VWAP of at least $60.00 per share for one tranche and $80.00 per share for another, each measured over a 20 consecutive trading day period.
What are the vesting conditions for the Cadre (CDRE) CFO stock options?
The options to purchase 92,500 and 115,000 shares vest and become exercisable only if Cadre’s stock achieves VWAPs of at least $60.00 and $80.00 per share, respectively, over 20 consecutive trading days on or before June 16, 2033, and after three years from grant.
What plan governs the new Cadre (CDRE) CFO equity awards?
The awards were granted under Cadre Holdings, Inc.’s 2021 Stock Incentive Plan. This plan authorizes the company to issue equity-based compensation, including stock options and restricted stock units, to executives and other participants according to specified performance and vesting conditions.