FRD Director Tim Stevenson Receives 457 Restricted Shares at $21.9

Rhea-AI Filing Summary

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.

Insights

Corporate Governance Analyst

Director acquired restricted stock that vests in one year, aligning interests with shareholders.

The report shows 457 restricted shares granted/acquired at $21.9 per share with vesting 100% on October 1, 2026. This structure ties compensation to continued board service rather than immediate sale.

For governance, time‑based vesting reinforces long‑term alignment between the director and the company but does not indicate immediate voting or selling intentions until vesting occurs.

Insider Transactions Analyst

Insider increased beneficial ownership to 29,132 shares following the transaction.

The Form 4 shows the reporting person now beneficially owns 29,132 shares after receiving 457 restricted shares on 10/01/2025. The transaction code and explanation identify these as restricted stock subject to future vesting rather than an open market purchase.

This filing documents a material change in reported holdings and is relevant for monitoring insider ownership levels and future vesting events.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stevenson Tim Scott

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	457	$21.90	$10K

Holdings After Transaction: Common Stock — 29,132 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/03/2025 - 03:56 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Stevenson Tim Scott

(Last) (First) (Middle)

6170 GARLAND LANE NORTH

(Street)

PLYMOUTH MN 55446

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRIEDMAN INDUSTRIES INC [ FRD ]

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)
10/01/2025

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	10/01/2025		A		457(1)	A	$21.9	29,132	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. Represents shares of restricted Common Stock which will vest 100% on October 1, 2026, subject to continued service as a member of the Board of Directors of the issuer.

	/s/ Tim Stevenson	10/03/2025
	** 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.