STOCK TITAN

[Form 4] Clearfield, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

On 06/30/2025, WESCO International (WCC) Executive Vice President & Chief Human Resources Officer Christine Ann Wolf reported the acquisition of 7.7069 shares of common stock through dividend-equivalent rights (DERs) attached to existing restricted stock units. The shares were credited at a price of $0.00, reflecting automatic reinvestment of the company’s quarterly dividend.

After this routine accrual, Wolf’s direct holdings increased to 30,188.2811 shares. No shares were sold and no other derivative transactions were reported. Given the immaterial size of the acquisition—well below 0.01% of WESCO’s outstanding shares—the filing is viewed as a normal administrative adjustment rather than a meaningful indicator of insider sentiment or future company performance.

Il 30/06/2025, Christine Ann Wolf, Vicepresidente Esecutivo e Chief Human Resources Officer di WESCO International (WCC), ha comunicato l’acquisizione di 7,7069 azioni ordinarie tramite diritti equivalenti al dividendo (DER) collegati a unità azionarie vincolate esistenti. Le azioni sono state accreditate a un prezzo di $0,00, riflettendo il reinvestimento automatico del dividendo trimestrale della società.

Dopo questo accredito di routine, le partecipazioni dirette di Wolf sono salite a 30.188,2811 azioni. Non sono state vendute azioni né segnalate altre operazioni su derivati. Considerando la dimensione trascurabile dell’acquisizione — ben al di sotto dello 0,01% delle azioni in circolazione di WESCO — la comunicazione è vista come un normale aggiustamento amministrativo e non come un indicatore rilevante del sentiment interno o delle performance future dell’azienda.

El 30/06/2025, Christine Ann Wolf, Vicepresidenta Ejecutiva y Directora de Recursos Humanos de WESCO International (WCC), informó la adquisición de 7,7069 acciones ordinarias a través de derechos equivalentes a dividendos (DER) vinculados a unidades restringidas existentes. Las acciones se acreditaron a un precio de $0.00, reflejando la reinversión automática del dividendo trimestral de la empresa.

Tras esta acumulación rutinaria, las participaciones directas de Wolf aumentaron a 30.188,2811 acciones. No se vendieron acciones ni se reportaron otras transacciones derivadas. Dado el tamaño insignificante de la adquisición — muy por debajo del 0,01% de las acciones en circulación de WESCO — la presentación se considera un ajuste administrativo normal y no un indicador significativo del sentimiento interno o del desempeño futuro de la compañía.

2025년 6월 30일, WESCO International(WCC)의 수석 부사장이자 최고 인사 책임자인 Christine Ann Wolf가 기존 제한 주식 단위에 부여된 배당금 등가 권리(DER)를 통해 7.7069주의 보통주를 취득했다고 보고했습니다. 해당 주식은 회사의 분기 배당금이 자동 재투자됨에 따라 주당 $0.00의 가격으로 적립되었습니다.

이 일상적인 적립 이후 Wolf의 직접 보유 주식은 30,188.2811주로 증가했습니다. 주식 매도나 기타 파생 거래는 보고되지 않았습니다. 취득 규모가 매우 미미하여 WESCO의 발행 주식의 0.01% 미만임을 감안할 때, 이번 신고는 내부자 심리나 회사의 향후 성과를 의미하는 지표라기보다는 정상적인 행정적 조정으로 간주됩니다.

Le 30/06/2025, Christine Ann Wolf, vice-présidente exécutive et directrice des ressources humaines de WESCO International (WCC), a déclaré l’acquisition de 7,7069 actions ordinaires via des droits équivalents aux dividendes (DER) attachés à des unités d’actions restreintes existantes. Les actions ont été créditées à un prix de 0,00 $, reflétant la réinvestissement automatique du dividende trimestriel de la société.

Après cet accroissement de routine, la détention directe de Wolf est passée à 30 188,2811 actions. Aucune action n’a été vendue et aucune autre transaction dérivée n’a été signalée. Étant donné la taille négligeable de l’acquisition — bien en dessous de 0,01 % des actions en circulation de WESCO — ce dépôt est considéré comme un ajustement administratif normal plutôt qu’un indicateur significatif du sentiment des initiés ou des performances futures de l’entreprise.

Am 30.06.2025 meldete Christine Ann Wolf, Executive Vice President und Chief Human Resources Officer von WESCO International (WCC), den Erwerb von 7,7069 Stammaktien durch Dividendenäquivalenzrechte (DERs), die an bestehende Restricted Stock Units gebunden sind. Die Aktien wurden zu einem Preis von 0,00 $ gutgeschrieben, was die automatische Wiederanlage der vierteljährlichen Dividende des Unternehmens widerspiegelt.

Nach dieser routinemäßigen Gutschrift stieg Wolfs direkter Aktienbestand auf 30.188,2811 Aktien. Es wurden keine Aktien verkauft und keine weiteren Derivatgeschäfte gemeldet. Aufgrund der unbedeutenden Größe der Akquisition — weit unter 0,01 % der ausstehenden Aktien von WESCO — wird die Meldung als normale administrative Anpassung und nicht als aussagekräftiger Indikator für Insider-Stimmung oder zukünftige Unternehmensleistung angesehen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine dividend-equivalent accrual; negligible share count; neutral impact on valuation.

The Form 4 shows Ms. Wolf received 7.7069 dividend-equivalent shares, raising her direct stake to roughly 30.2 thousand shares. No cash changed hands and no dispositions occurred, indicating the filing is purely administrative. The transaction represents an insignificant fraction of both her ownership and WESCO’s float, so it offers little insight into management’s outlook or the company’s fundamentals. From a governance perspective, continued accumulation—even small—avoids negative optics of insider selling but does not alter the investment thesis. I classify the disclosure as not impactful for investors.

Il 30/06/2025, Christine Ann Wolf, Vicepresidente Esecutivo e Chief Human Resources Officer di WESCO International (WCC), ha comunicato l’acquisizione di 7,7069 azioni ordinarie tramite diritti equivalenti al dividendo (DER) collegati a unità azionarie vincolate esistenti. Le azioni sono state accreditate a un prezzo di $0,00, riflettendo il reinvestimento automatico del dividendo trimestrale della società.

Dopo questo accredito di routine, le partecipazioni dirette di Wolf sono salite a 30.188,2811 azioni. Non sono state vendute azioni né segnalate altre operazioni su derivati. Considerando la dimensione trascurabile dell’acquisizione — ben al di sotto dello 0,01% delle azioni in circolazione di WESCO — la comunicazione è vista come un normale aggiustamento amministrativo e non come un indicatore rilevante del sentiment interno o delle performance future dell’azienda.

El 30/06/2025, Christine Ann Wolf, Vicepresidenta Ejecutiva y Directora de Recursos Humanos de WESCO International (WCC), informó la adquisición de 7,7069 acciones ordinarias a través de derechos equivalentes a dividendos (DER) vinculados a unidades restringidas existentes. Las acciones se acreditaron a un precio de $0.00, reflejando la reinversión automática del dividendo trimestral de la empresa.

Tras esta acumulación rutinaria, las participaciones directas de Wolf aumentaron a 30.188,2811 acciones. No se vendieron acciones ni se reportaron otras transacciones derivadas. Dado el tamaño insignificante de la adquisición — muy por debajo del 0,01% de las acciones en circulación de WESCO — la presentación se considera un ajuste administrativo normal y no un indicador significativo del sentimiento interno o del desempeño futuro de la compañía.

2025년 6월 30일, WESCO International(WCC)의 수석 부사장이자 최고 인사 책임자인 Christine Ann Wolf가 기존 제한 주식 단위에 부여된 배당금 등가 권리(DER)를 통해 7.7069주의 보통주를 취득했다고 보고했습니다. 해당 주식은 회사의 분기 배당금이 자동 재투자됨에 따라 주당 $0.00의 가격으로 적립되었습니다.

이 일상적인 적립 이후 Wolf의 직접 보유 주식은 30,188.2811주로 증가했습니다. 주식 매도나 기타 파생 거래는 보고되지 않았습니다. 취득 규모가 매우 미미하여 WESCO의 발행 주식의 0.01% 미만임을 감안할 때, 이번 신고는 내부자 심리나 회사의 향후 성과를 의미하는 지표라기보다는 정상적인 행정적 조정으로 간주됩니다.

Le 30/06/2025, Christine Ann Wolf, vice-présidente exécutive et directrice des ressources humaines de WESCO International (WCC), a déclaré l’acquisition de 7,7069 actions ordinaires via des droits équivalents aux dividendes (DER) attachés à des unités d’actions restreintes existantes. Les actions ont été créditées à un prix de 0,00 $, reflétant la réinvestissement automatique du dividende trimestriel de la société.

Après cet accroissement de routine, la détention directe de Wolf est passée à 30 188,2811 actions. Aucune action n’a été vendue et aucune autre transaction dérivée n’a été signalée. Étant donné la taille négligeable de l’acquisition — bien en dessous de 0,01 % des actions en circulation de WESCO — ce dépôt est considéré comme un ajustement administratif normal plutôt qu’un indicateur significatif du sentiment des initiés ou des performances futures de l’entreprise.

Am 30.06.2025 meldete Christine Ann Wolf, Executive Vice President und Chief Human Resources Officer von WESCO International (WCC), den Erwerb von 7,7069 Stammaktien durch Dividendenäquivalenzrechte (DERs), die an bestehende Restricted Stock Units gebunden sind. Die Aktien wurden zu einem Preis von 0,00 $ gutgeschrieben, was die automatische Wiederanlage der vierteljährlichen Dividende des Unternehmens widerspiegelt.

Nach dieser routinemäßigen Gutschrift stieg Wolfs direkter Aktienbestand auf 30.188,2811 Aktien. Es wurden keine Aktien verkauft und keine weiteren Derivatgeschäfte gemeldet. Aufgrund der unbedeutenden Größe der Akquisition — weit unter 0,01 % der ausstehenden Aktien von WESCO — wird die Meldung als normale administrative Anpassung und nicht als aussagekräftiger Indikator für Insider-Stimmung oder zukünftige Unternehmensleistung angesehen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
HERZOG DANIEL R

(Last) (First) (Middle)
7050 WINNETKA AVE. N.
SUITE 100

(Street)
BROOKLYN PARK MN 55428

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Clearfield, Inc. [ CLFD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (ESPP) 06/30/2025 A V 683(1) A $26.35 60,984 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Purchase of Common Shares through Employee Stock Purchase Plan for the period January 1 - June 30, 2025. ln accordance with the ESPP, these shares were purchased based on 85% of the closing price on December 31, 2024.
Darrell Hammond by Power of Attorney for Daniel Herzog 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many WESCO (WCC) shares did EVP Christine Wolf acquire?

She acquired 7.7069 shares via dividend-equivalent rights.

What was the transaction price reported in the Form 4?

The shares were credited at $0.00 because they stem from dividend reinvestment.

What is Christine Wolf’s total direct ownership after the transaction?

Her direct holdings increased to 30,188.2811 WCC shares.

Does the Form 4 indicate any insider selling of WESCO stock?

No. The filing reports only an acquisition; there were no sales.

What are dividend-equivalent rights (DERs)?

DERs credit additional shares or cash to RSU holders when the issuer pays a dividend, mirroring the economic value of common stock.
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