Director stock grant at Duluth Holdings (DLTH) replaces cash retainer
Rhea-AI Filing Summary
Williams Scott K reported acquisition or exercise transactions in this Form 4 filing.
Duluth Holdings Inc. director Scott K. Williams received an award of 4,434 shares of Class B Common Stock. The stock was granted under the company’s 2024 Equity Incentive Plan in lieu of his quarterly cash retainer for board service. After this award, he directly holds 169,376 shares of Class B Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,434 shares
Net Buy
1 txn
Insider
Williams Scott K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock F1 | 4,434 | -- | -- |
Holdings After Transaction:
Class B Common Stock — 169,376 shares (Direct)
Footnotes (1)
- F1. Award of Class B Common Stock under the 2024 Equity Incentive Plan of Duluth Holdings Inc. in lieu of quarterly cash retainer for service as a director.
Key Figures
Shares awarded: 4,434 shares of Class B Common Stock
Direct holdings after award: 169,376 shares of Class B Common Stock
Number of acquisition transactions: 1 transaction
3 metrics
Shares awarded
4,434 shares of Class B Common Stock
Grant under 2024 Equity Incentive Plan in lieu of quarterly cash retainer
Direct holdings after award
169,376 shares of Class B Common Stock
Shares directly held by Scott K. Williams following the reported transaction
Number of acquisition transactions
1 transaction
Single non-derivative grant, award, or other acquisition reported on this Form 4
Key Terms
Class B Common Stock, 2024 Equity Incentive Plan, quarterly cash retainer
3 terms
Class B Common Stock financial
"Award of Class B Common Stock under the 2024 Equity Incentive Plan"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
2024 Equity Incentive Plan financial
"under the 2024 Equity Incentive Plan of Duluth Holdings Inc."
quarterly cash retainer financial
"in lieu of quarterly cash retainer for service as a director"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did DLTH director Scott K. Williams report?
Scott K. Williams reported receiving an award of 4,434 shares of Duluth Holdings Class B Common Stock. The grant was issued under the 2024 Equity Incentive Plan in lieu of his quarterly cash retainer for service as a director.
Why did Duluth Holdings (DLTH) grant stock instead of cash to the director?
The footnote explains the shares were awarded in lieu of the quarterly cash retainer for Williams’s service as a director. Duluth Holdings compensated him with Class B Common Stock rather than paying that portion of his board retainer in cash.
What type of security was granted in this DLTH Form 4 transaction?
The transaction involves Class B Common Stock of Duluth Holdings Inc. It is a non-derivative equity award issued under the company’s 2024 Equity Incentive Plan, rather than options or other derivative securities.
Was the DLTH director stock award reported under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as an affirmative plan transaction. The filing instead describes the shares as an equity award granted under the 2024 Equity Incentive Plan in lieu of the director’s quarterly cash retainer.
Is the DLTH director transaction a market purchase or a compensation grant?
The Form 4 codes the transaction as a grant, award, or other acquisition of 4,434 Class B Common shares. A footnote clarifies it is compensation, issued under the 2024 Equity Incentive Plan, rather than a market purchase of shares.