Friedman Industries (FRD) COO receives 15,000 restricted shares in equity award
Rhea-AI Filing Summary
Chhibbar Gaurav reported acquisition or exercise transactions in this Form 4 filing.
Friedman Industries Chief Operating Officer Gaurav Chhibbar reported an equity compensation award of 15,000 shares of restricted Common Stock on June 3, 2026, at a grant price of $0.00 per share. Following this grant, he directly holds 66,400 Common shares.
According to the award terms, half of the restricted shares will vest in equal amounts each year over three years starting April 1, 2026. The remaining half will vest based on performance criteria tied to earnings before tax and levels of accounts receivable, inventory, and property, plant and equipment over a three-year period beginning on the same date. All vesting is contingent on his continued employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,000 shares
Net Buy
1 txn
Insider
Chhibbar Gaurav
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 66,400 shares (Direct)
Footnotes (1)
- F1. Represents shares of restricted Common Stock. Half of the shares will vest in equal amounts each year for three years commencing on April 1, 2026. Half of the shares will vest depending on performance criteria related to earnings before tax and amounts of accounts receivable, inventory and property, plant and equipment over a three-year period commencing April 1, 2026. Vesting for all shares is subject to continued employment with the issuer.
Key Figures
Restricted stock grant: 15,000 shares
Grant price: $0.00 per share
Post-grant holdings: 66,400 shares
+2 more
5 metrics
Restricted stock grant
15,000 shares
Common Stock award on June 3, 2026
Grant price
$0.00 per share
Equity compensation, not open-market purchase
Post-grant holdings
66,400 shares
Total Common Stock directly held after transaction
Time-based vesting start
April 1, 2026
Half of restricted shares vest equally over three years
Performance period start
April 1, 2026
Half vests over three years based on EBT and asset metrics
Key Terms
restricted Common Stock, vesting, earnings before tax, performance criteria, +1 more
5 terms
restricted Common Stock financial
"Represents shares of restricted Common Stock."
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
vesting financial
"Half of the shares will vest in equal amounts each year"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
earnings before tax financial
"performance criteria related to earnings before tax"
performance criteria financial
"will vest depending on performance criteria related to earnings before tax"
continued employment financial
"Vesting for all shares is subject to continued employment with the issuer."
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What insider transaction did Friedman Industries (FRD) report for Gaurav Chhibbar?
Friedman Industries reported its COO, Gaurav Chhibbar, received 15,000 shares of restricted Common Stock as an equity award. The grant was recorded on June 3, 2026, at a price of $0.00 per share and is subject to multi-year vesting conditions.
What performance criteria affect the vesting of FRD’s COO restricted stock grant?
Vesting of half the COO’s restricted Friedman Industries shares depends on performance criteria tied to earnings before tax and levels of accounts receivable, inventory, and property, plant and equipment over a three-year period beginning April 1, 2026, plus continued employment.
Is the Friedman Industries (FRD) COO’s stock grant an open-market purchase or compensation award?
The 15,000-share transaction is a compensation-related award, not an open-market purchase. It is classified as a grant or other acquisition at $0.00 per share, with vesting based on time, performance targets and continued employment with Friedman Industries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
