Cadiz director granted 6,103 CDZI shares
Lombard Kenneth T reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Lombard Kenneth T reported acquisition or exercise transactions in this Form 4 filing.
CADIZ INC director Kenneth T. Lombard received a stock award of 6,103 shares of Common Stock, valued at $4.10 per share. This grant compensates him for services as a director for the 12‑month period ended June 30, 2026, under the 2019 Equity Incentive Plan.
The shares will vest on January 31, 2027, meaning he must remain eligible through that date to fully earn them. After this award, Lombard directly holds a total of 30,990 shares of CADIZ INC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 6,103 shares
Grant/Award
1 txn
Insider
Lombard Kenneth T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,103 | $4.10 | $25K |
Holdings After Transaction:
Common Stock — 30,990 shares (Direct)
Footnotes (1)
- F1. Shares allocated to the Reporting Person under the 2019 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2026, which shares will vest on January 31, 2027.
Key Figures
Stock award size: 6,103 shares
Grant price per share: $4.10 per share
Post-grant holdings: 30,990 shares
+2 more
5 metrics
Stock award size
6,103 shares
Common Stock grant to director on June 30, 2026
Grant price per share
$4.10 per share
Valuation used for the 6,103-share award
Post-grant holdings
30,990 shares
Total Common Stock held directly after the transaction
Vesting date
January 31, 2027
Date when the 6,103 granted shares vest
Service period covered
12 months
Director services for period ended June 30, 2026
Key Terms
2019 Equity Incentive Plan, Common Stock, Grant, award, or other acquisition, vest
4 terms
2019 Equity Incentive Plan financial
"Shares allocated to the Reporting Person under the 2019 Equity Incentive Plan for services rendered"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
vest financial
"which shares will vest on January 31, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did CADIZ INC (CDZI) report for Kenneth T. Lombard?
CADIZ INC reported that director Kenneth T. Lombard received a grant of 6,103 shares of Common Stock. The shares were awarded as director compensation under the company’s 2019 Equity Incentive Plan, rather than purchased on the open market.
When do Kenneth T. Lombard’s CADIZ INC (CDZI) stock awards vest?
The 6,103 CADIZ INC shares granted to Kenneth T. Lombard will vest on January 31, 2027. Vesting means he must satisfy continued service or other plan conditions through that date to fully earn the award.
What is the purpose of the CADIZ INC 2019 Equity Incentive Plan in this Form 4?
The 2019 Equity Incentive Plan provided the framework for granting 6,103 CADIZ INC shares to director Kenneth T. Lombard. It compensates him for board service during the 12‑month period ended June 30, 2026, using equity instead of only cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
