Insteel Industries (IIIN) CEO reports bona fide gift of 10,022 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insteel Industries Chairman, President and CEO H.O. Woltz III reported a bona fide gift of 10,022 shares of common stock at $0.00 per share. After this gift, he directly holds 491,272 common shares. The filing also lists indirect holdings of 57,282 shares as co‑trustee of the Woltz Foundation and 113,328 shares as co‑trustee of trusts created by the estate of Howard O. Woltz, Jr.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,022 shares gifted
Mixed
3 txns
Insider
WOLTZ H O III
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 10,022 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 491,272 shares (Direct, null);
Common Stock — 113,328 shares (Indirect, Co-trustee of Trusts created by Estate of Howard O. Woltz, Jr.)
Footnotes (1)
Key Figures
Gifted shares: 10,022 shares
Gift price per share: $0.00 per share
Direct holdings after transaction: 491,272 shares
+2 more
5 metrics
Gifted shares
10,022 shares
Bona fide gift of common stock
Gift price per share
$0.00 per share
Reported transaction price for gifted shares
Direct holdings after transaction
491,272 shares
Common stock held directly after gift
Indirect holdings – Woltz Foundation
57,282 shares
Co-trustee of Woltz Foundation
Indirect holdings – Estate trusts
113,328 shares
Co-trustee of trusts created by Estate of Howard O. Woltz, Jr.
Key Terms
bona fide gift, indirect holdings, co-trustee, common stock
4 terms
bona fide gift financial
"the Form 4 identifies the 10,022-share transfer as a bona fide gift coded “G”"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect holdings financial
"The filing shows indirect holdings of 57,282 shares as co-trustee"
co-trustee financial
"indirect holdings of 57,282 shares as co-trustee of the Woltz Foundation"
common stock financial
"made a bona fide gift of 10,022 shares of common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Insteel Industries (IIIN) report in this Form 4?
Insteel Industries reported that Chairman, President and CEO H.O. Woltz III made a bona fide gift of 10,022 shares of common stock at $0.00 per share, reflecting a non-market transfer rather than a sale or purchase in the open market.
What indirect holdings of Insteel Industries (IIIN) stock are reported for the CEO?
The filing shows indirect holdings of 57,282 shares as co-trustee of the Woltz Foundation and 113,328 shares as co-trustee of trusts created by the Estate of Howard O. Woltz, Jr., in addition to his separately reported direct holdings.
Does this Insteel Industries (IIIN) Form 4 include any option exercises or derivative trades?
No, the derivative section of the Form 4 is empty, and the transaction summary shows no exercises or derivative transactions. The only reported disposition is the bona fide gift of 10,022 common shares by the CEO.