Friedman Inds SEC Filings

Joe L. Williams, a director of Friedman Industries, acquired 457 shares of restricted common stock on 10/01/2025 at a reported price of $21.9 per share. After the transaction, Mr. Williams beneficially owns 32,702 shares in total. The restricted shares are scheduled to vest 100% on 10/01/2026, subject to Mr. Williams' continued service on the company's board. The filing is signed on 10/03/2025 and was reported on a single-person Form 4.

Max Alan Reichenthal, a director of Friedman Industries, Inc. (FRD), reported on Form 4 that on 10/01/2025 he was granted 457 shares of restricted common stock under Code A. Following the reported transaction he directly beneficially owns 33,889 shares. The restricted shares are scheduled to vest 100% on October 1, 2026, subject to his continued service on the Board. The Form 4 was signed on 10/03/2025 and lists his address in Houston, TX.

Director Sandra K. Scott reported a non-derivative acquisition of 457 shares of Friedman Industries Inc. (FRD) on 10/01/2025 at a reported price of $21.9 per share. Following the grant, Ms. Scott beneficially owns 9,569 shares in total. The shares are restricted common stock that will vest 100% on October 1, 2026, conditioned on continued service on the issuer’s board. The Form 4 was signed and filed by Ms. Scott on 10/03/2025. This filing records a routine equity award to a director tied to service and does not disclose any cash sale or derivative transactions.

Sharon L. Taylor, a director of Friedman Industries Inc. (FRD), reported acquiring 457 shares of restricted common stock on 10/01/2025. The reported acquisition price per share is $21.9. Following the transaction, Ms. Taylor beneficially owns 7,869 shares. The restricted shares carry a Code V legend, and the filing states they will vest 100% on October 1, 2026, conditional on her continued service as a board member. The Form 4 is signed and dated 10/03/2025.

Tim Stevenson, a director of Friedman Industries Inc (FRD), reported an acquisition of 457 restricted shares of the issuer's common stock on 10/01/2025. The reported per-share price was $21.9. After the transaction, Mr. Stevenson beneficially owns 29,132 shares in total. The restricted shares are scheduled to vest 100% on October 1, 2026, conditioned on his continued service on the board. The Form 4 was signed on 10/03/2025 and indicates the filing was made by one reporting person.

Friedman Industries acquired Century Metals & Supplies' Miami operations and certain Tampa and Orlando assets for approximately $45.25 million cash plus a $3.5 million five-year promissory note, with a final purchase price subject to net working capital adjustments and an earn-out of up to $10 million payable over four years based on performance. The company also entered a Fifth Amendment to its Amended and Restated Credit Agreement to permit the Acquisition, replace BMO Harris with Wells Fargo as a lender, reduce aggregate commitments from $150 million to $125 million, set pricing at prime-1.45% or adjusted Term SOFR+1.55%, adjust borrowing bases and extend the facility maturity to August 29, 2030. A press release announcing the closing was issued on September 2, 2025.

Friedman Industries, Inc. (FRD) has a Schedule 13G/A showing that Tontine-associated entities and Mr. Jeffrey L. Gendell together report beneficial ownership of the company's common stock. Tontine Capital Overseas Master Fund II, L.P. and its general partner Tontine Asset Associates, LLC report shared voting and dispositive power over 267,952 shares, representing 3.8% of the 7,059,440 shares outstanding. Mr. Gendell reports shared voting and dispositive power over 354,576 shares, equal to 5.0% of the class, which includes 86,624 shares owned by Tontine Financial Partners, L.P. The filing states these holdings were not acquired to change or influence control of the issuer.