Insteel Industries (IIIN) CEO receives new equity awards
Rhea-AI Filing Summary
Insteel Industries' Chairman, President and CEO H.O. Woltz III reported new equity awards. On February 10, 2026, he acquired 7,601 restricted stock units and 18,564 stock options, both held directly.
The restricted stock units convert into common stock on a one-for-one basis and vest on February 10, 2029. The options have a $37 exercise price, cover 18,564 shares of common stock, and vest in three equal annual installments beginning one year from the grant date, with an expiration date of February 10, 2036.
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FAQ
What insider equity awards did IIIN CEO H.O. Woltz III report?
H.O. Woltz III reported acquiring 7,601 restricted stock units and 18,564 stock options on February 10, 2026. Both are held directly and were reported as grants or awards rather than open-market purchases or sales.
How many restricted stock units did IIIN grant and when do they vest?
Insteel Industries granted 7,601 restricted stock units to H.O. Woltz III. These units convert into common stock on a one-for-one basis and vest on February 10, 2029, representing a long-term equity award.
What are the main terms of the stock options granted to IIIN's CEO?
The CEO received 18,564 stock options with a $37 exercise price. They are exercisable into an equal number of common shares, vesting one-third annually starting February 10, 2027, and expiring February 10, 2036.
Do the restricted stock units granted by IIIN convert into common shares?
Yes. The filing states that the restricted stock units convert into common stock on a one-for-one basis. This means each of the 7,601 units, once vested, represents one share of Insteel Industries common stock.
How and when do the IIIN stock options granted to the CEO vest?
The options covering 18,564 common shares vest in three equal annual installments. Vesting begins one year from the grant date, so one-third vests on February 10, 2027, with the remaining thirds vesting on the next two anniversaries.
Are the IIIN CEO's reported derivative holdings direct or indirect?
Both the 7,601 restricted stock units and 18,564 stock options are reported as direct ownership. The Form 4 marks the ownership form as "D" (direct) and does not list any indirect ownership nature.