Crown Crafts (CRWS) Director Receives 34,944 Restricted Stock Award

Rhea-AI Filing Summary

Patricia Stensrud, a director of Crown Crafts Inc. (CRWS), was granted 34,944 shares of restricted common stock on 08/14/2025, at no cash price, increasing her reported beneficial ownership to 154,839 shares. The award was granted under the issuer's 2021 Incentive Plan and vests on the earlier of August 14, 2026 or the day before the company's 2026 annual meeting of stockholders. The Form 4 was signed on behalf of Ms. Stensrud by Daniel W. Miller on 08/18/2025. The filing shows a non-derivative, director-level equity grant intended as restricted stock, not an open-market purchase or sale.

Positive

• Director equity alignment: Grant increases Patricia Stensrud's beneficial ownership to 154,839 shares, aligning her interests with shareholders
• Clear vesting schedule: Restricted shares vest on the earlier of 08/14/2026 or the day before the 2026 annual meeting, providing transparent retention terms
• Non-cash award: The transaction is a restricted stock grant reported as A with $0 price, indicating compensation rather than market purchase

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received restricted shares, modestly increasing ownership; non-cash award vests over ~1 year.

The 34,944-share restricted grant increases Ms. Stensrud's reported stake to 154,839 shares, aligning her compensation with shareholder outcomes. The award carries a standard vesting condition tied to time or the 2026 annual meeting. Because the grant is non-cash and time‑vested, the immediate dilution to existing holders is limited to the issuance amount, while the award's full effect depends on final vesting and any share reserve under the 2021 Incentive Plan. No derivative transactions or dispositions are reported.

Corporate Governance Expert

TL;DR: Director equity grant follows typical governance practice to promote alignment; clear vesting schedule disclosed.

The restricted stock grant for a sitting director is consistent with common governance and compensation practices intended to align directors with long-term shareholder value. The filing discloses the vesting trigger (earlier of a date or prior to the 2026 annual meeting), providing transparency on retention incentives. The Form 4 contains required signature and reporting information and does not show any delegated trading plan or 10b5-1 notation.

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
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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^*

Stensrud Patricia

(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	154,839	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 Patricia Stensrud	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 did Patricia Stensrud report on the Form 4 for CRWS?

She reported a restricted stock grant of 34,944 shares on 08/14/2025, increasing her beneficial ownership to 154,839 shares.

When do the restricted shares awarded to Patricia Stensrud vest?

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

Was the Form 4 transaction a purchase or sale?

The Form 4 shows a grant (code A) of restricted common stock at a reported price of $0, not an open-market purchase or sale.

Did the filing disclose any derivative transactions or 10b5-1 plan?

No derivative securities or 10b5-1 contract notation are disclosed in the provided Form 4 content.

Who signed the Form 4 on behalf of the reporting person and when?

The Form 4 was signed by Daniel W. Miller on behalf of Patricia Stensrud on 08/18/2025.