Lindblad Expeditions (LIND) director Mark Ein granted stock, structures forward deal
Rhea-AI Filing Summary
LINDBLAD EXPEDITIONS HOLDINGS, INC. director Mark Ein received a grant of 3,240 shares of restricted stock on August 8, 2026 under a Long-Term Incentive Plan. The award vests one year from grant, subject to continued service, bringing his directly held equity reported in this filing to 331,842 shares. Ein is also deemed to beneficially own 3,005,117 shares of common stock held indirectly through Capital Acquisition Management 2 LLC and maintains an indirect prepaid variable forward sale contract over 300,000 underlying common shares. That forward, entered into with Citibank, N.A. on May 29, 2026, has a forward floor price of $20.16, a forward cap price of $31.36, is divided into 10 components of up to 30,000 shares each, and contemplates settlement during a period from June 12, 2029 to June 26, 2029. In connection with the transaction, Ein will pay an upfront cash amount of $255,360 to Citibank.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 3,240 shares
Net Buy
3 txns
Insider
EIN MARK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock F1 | 3,240 | $0.00 | $0.00 |
| holding | Prepaid Variable Forward Sale Contract F3, F4, F5, F6 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock — 331,842 shares (Direct);
Prepaid Variable Forward Sale Contract — 300,000 shares (Indirect, See Footnote);
Common Stock — 3,005,117 shares (Indirect, by Capital Acquisition Management 2, LLC)
Footnotes (6)
- F1. Restricted stock granted under Long-Term Incentive Plan. The restricted stock vests one year from the date of grant, subject to continued service.
- F2. Leland Investments Inc., an entity controlled by Mr. Ein, is the sole member of Capital Acquisition Management 2 LLC.
- F3. On May 29, 2026, the reporting person entered into a prepaid variable share forward transaction with Citibank, N.A. ("Citibank"). See Footnote 2 for details of the transaction.
- F4. The prepaid forward transaction with Citibank is divided into 10 components (each a "Component"). During a specified period during the transaction, the reporting person may request prepayments with respect to one or more Components (each a "Funded Component"), and receive from Citibank for each Funded Component, the present value of the product of (x) the Subject Number (as defined below) for such Funded Component and (y) a forward floor price of $20.16 per Share. For each Funded Component, the reporting person is obligated to deliver to Citibank, on the relevant settlement date, determined based on the specified scheduled valuation date within the period from June 12, 2029 to June 26, 2029, either, at the reporting person's option, (i) up to 30,000 shares of common stock of the Issuer ("Shares") (such Share number, "Subject Number") or (ii) an amount of cash equivalent to the value of such Shares as determined under the terms of the transaction.
- F5. (Continued from footnote 2) The forward cap price for the transaction is $31.36 per Share. In connection with the transaction, the reporting person will pay an upfront cash payment of $255,360 to Citibank.
- F6. On July 8, 2015, Capital Acquisition Management 2 LLC acquired 3,456,416 shares of common stock from the Issuer. Leland Investments, Inc., an entity controlled by Mr. Ein, is the sole member of Capitol Acquisition Management 2 LLC. Accordingly, Mr. Ein is deemed to have beneficial ownership of shares held by Capitol Acquisition Management 2 LLC..
Key Figures
Restricted stock granted: 3,240 shares
Direct holdings after grant: 331,842 shares
Indirect common stock holdings: 3,005,117 shares
+5 more
8 metrics
Restricted stock granted
3,240 shares
Restricted stock award on August 8, 2026 under Long-Term Incentive Plan
Direct holdings after grant
331,842 shares
Total direct equity reported following the restricted stock grant
Indirect common stock holdings
3,005,117 shares
Common stock held indirectly through Capital Acquisition Management 2 LLC
Underlying shares in prepaid forward
300,000 shares
Common stock underlying prepaid variable forward sale contract
Forward floor price
$20.16 per Share
Floor price used to calculate prepayment under each funded component
Forward cap price
$31.36 per Share
Cap price applicable to the prepaid variable forward transaction
Upfront cash payment
$255,360
Cash amount Ein will pay to Citibank in connection with the forward
Forward settlement window
June 12, 2029 to June 26, 2029
Period during which settlement dates are determined for components
Key Terms
Restricted stock, Prepaid variable share forward transaction, forward floor price, forward cap price, +2 more
6 terms
Restricted stock financial
"Restricted stock granted under Long-Term Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
forward floor price financial
"a forward floor price of $20.16 per Share"
forward cap price financial
"The forward cap price for the transaction is $31.36 per Share"
Subject Number financial
"the Subject Number (as defined below) for such Funded Component"
Funded Component financial
"request prepayments with respect to one or more Components (each a "Funded Component")"
FAQ
What did LIND director Mark Ein report in this Form 4 for LINDBLAD EXPEDITIONS (LIND)?
Mark Ein reported a grant of 3,240 restricted shares that vest in one year, increasing his directly reported holdings to 331,842 shares. He also disclosed an indirect prepaid variable forward linked to 300,000 common shares.
What are the key terms of Mark Ein’s prepaid variable forward on LIND stock?
The prepaid variable forward covers 300,000 underlying common shares, with a $20.16 forward floor price and $31.36 forward cap price. It is split into 10 components of up to 30,000 shares each, with settlement dates in June 2029.
What upfront cash payment is associated with the LIND prepaid variable forward?
In connection with the prepaid variable forward linked to 300,000 shares, Mark Ein will pay Citibank an upfront cash amount of $255,360, as stated in the Form 4 footnotes describing the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
