Insteel Industries (IIIN) grants RSUs and options to COO Wagner
Rhea-AI Filing Summary
Insteel Industries Inc. reported that Senior Vice President and COO Richard Wagner received new equity awards. On February 10, 2026, he acquired 1,858 restricted stock units, which convert into common stock on a one-for-one basis and vest on February 10, 2029.
On the same date, he also acquired options to buy 4,538 shares of common stock at an exercise price of $37 per share. These options vest in three equal annual installments beginning one year from the grant date.
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FAQ
What insider transaction did IIIN report for Richard Wagner on February 10, 2026?
Richard Wagner received grants of restricted stock units and stock options on February 10, 2026. The filing shows 1,858 restricted stock units and options for 4,538 shares of Insteel Industries common stock awarded as part of his equity compensation.
How many restricted stock units were granted to the IIIN COO?
Richard Wagner was granted 1,858 restricted stock units. These units convert into Insteel Industries common stock on a one-for-one basis, meaning each unit becomes one share when it vests, providing direct equity exposure tied to the company’s future performance.
When do Richard Wagner’s IIIN restricted stock units vest?
The 1,858 restricted stock units granted to Richard Wagner vest on February 10, 2029. Vesting means he must remain eligible through that date to receive the underlying common shares, aligning his long-term incentives with Insteel Industries’ performance.
What are the terms of the stock options granted to the IIIN COO?
Richard Wagner received options to buy 4,538 shares of Insteel Industries common stock at an exercise price of $37 per share. These options vest in three equal annual installments, starting one year after the February 10, 2026 grant date.
Are Richard Wagner’s new IIIN equity awards held directly or indirectly?
The filing shows both the restricted stock units and the stock options are held directly by Richard Wagner. The ownership code is listed as “D,” indicating direct ownership rather than through a separate entity or indirect structure.
Do the IIIN restricted stock units convert into common stock at a set ratio?
Yes. The restricted stock units granted to Richard Wagner convert into common stock on a one-for-one basis. This means each of the 1,858 units becomes one share of Insteel Industries common stock when the award fully vests.