CRWS Form 4: Director Michael Benstock Receives 34,944 Shares

Rhea-AI Filing Summary

Michael Benstock, a director of Crown Crafts Inc. (CRWS), was granted 34,944 shares of restricted common stock on 08/14/2025. The grant was recorded at a $0 price and vests on the earlier of August 14, 2026 or the day before the issuer's 2026 annual meeting of stockholders. After the grant, Mr. Benstock beneficially owns 70,341 shares. The Form 4 was signed on behalf of the reporting person and filed on 08/18/2025. No derivative transactions are reported on this form; the disclosure describes the award as a restricted stock grant under the issuer's 2021 Incentive Plan.

Insights

Financial Analyst

TL;DR: Insider received a restricted equity award of 34,944 shares, increasing direct beneficial ownership to 70,341 shares.

The grant of 34,944 restricted shares at $0 increases the director's stake and aligns his interests with shareholders subject to vesting conditions through mid-2026. This is a non-cash compensation award rather than an open-market purchase, so it reflects board-level compensation policy rather than a market signal of private buying. The absence of derivative activity simplifies the ownership change: the post-transaction beneficial ownership is 70,341 shares, and vesting is time- and event-contingent under the 2021 Incentive Plan.

Corporate Governance Expert

TL;DR: Director equity grant follows typical incentive-plan practice with time-based vesting to retain alignment through the next annual meeting.

The restricted stock award documented on Form 4 appears to be a standard retention/compensation mechanism governed by the 2021 Incentive Plan. Vesting tied to a one-year horizon or the next annual meeting is common for directors. The filing correctly discloses the grant details, beneficial ownership after the award, and the lack of derivative holdings. Because this is a grant rather than a market acquisition, its governance implication is compensation alignment rather than an explicit vote of market confidence.

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

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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^*

BENSTOCK MICHAEL

(Last) (First) (Middle)

PO BOX 1028

(Street)

GONZALES LA 70707-1028

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CROWN CRAFTS INC [ CRWS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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(1)	08/14/2025		A		34,944	A	$0	70,341	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. Restricted stock grant pursuant to Issuer's 2021 Incentive Plan, vesting on the earlier of: (i) August 14, 2026 or (ii) the date immediately preceding the date of the Issuer's 2026 Annual Meeting of Stockholders.

	/s/ Daniel W. Miller, on behalf of Michael Benstock	08/18/2025
	** 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

What transaction did Michael Benstock report on Form 4 for CRWS?

The Form 4 reports a restricted stock grant of 34,944 shares received on 08/14/2025.

How many Crown Crafts (CRWS) shares does the reporting person own after the transaction?

After the reported grant, Michael Benstock beneficially owns 70,341 shares.

What are the vesting terms for the restricted shares granted to the director?

The restricted shares vest on the earlier of August 14, 2026 or the date immediately before the issuer's 2026 Annual Meeting of Stockholders.

Was there a purchase price for the restricted stock grant reported on the Form 4?

The grant is reported at a price of $0, indicating a restricted award rather than a cash purchase.

Did the Form 4 report any derivative securities for the reporting person?

No derivative securities are reported on this Form 4; only a non-derivative restricted stock grant is disclosed.