Insteel (IIIN) CEO Woltz reports RSU vesting and tax-withheld shares
Rhea-AI Filing Summary
Woltz H O III, Chairman, President and CEO of Insteel Industries, Inc. (IIIN), reported the vesting of 5,340 restricted stock units (RSUs) on August 15, 2025, which convert one-for-one into common stock. Of those, 1,407 shares were withheld for taxes at a price of $37.18, leaving the reporting person with 504,753 shares beneficially owned after the transactions. The filing also discloses indirect holdings of 113,328 shares as co-trustee of trusts created by the estate of Howard O. Woltz, Jr., and 57,282 shares as co-trustee of the Woltz Foundation. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on August 19, 2025.
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Insights
TL;DR Routine executive compensation vesting resulted in modest share withholding for taxes; no new purchases or sales beyond tax withholding.
The filing records the scheduled vesting of 5,340 RSUs that converted to common stock on August 15, 2025, and the withholding of 1,407 shares to satisfy tax obligations at an implied price of $37.18. These are typical, non-discretionary equity compensation events and do not indicate opportunistic trading or a change in ownership strategy. The remaining direct beneficial ownership of 504,753 shares maintains the executive's equity stake, while disclosed indirect holdings via trusts add substantial additional exposure. Overall, the transaction is routine compensation-related activity with limited informational value for valuation models.
TL;DR This Form 4 documents standard RSU vesting and tax withholding; governance implications are minimal and disclosure is timely.
The report shows compliance with Section 16 reporting for an executive officer and director, documenting the vesting event and tax-related share withholding. Indirect holdings disclosed as co-trustee are clearly identified, which supports transparency around potential shared voting or pecuniary interests. There are no indications of accelerated vesting tied to corporate events, no sales beyond tax withholding, and no evidence of a Rule 10b5-1 plan invocation. From a governance perspective, the filing satisfies standard disclosure expectations.