Neogen (NEOG) Director Tobin Converts 2,071 RSUs to Shares

Rhea-AI Filing Summary

Tobin James P, a director of Neogen Corp (NEOG), had 2,071 restricted stock units vest on 10/07/2025 and those RSUs were settled into 2,071 shares of common stock at a recorded price of $5.63 per share. After the settlement, the reporting person beneficially owned 39,545 shares directly. The Form 4 shows this as an acquisition resulting from compensation vesting rather than an open-market purchase.

Positive

• 2,071 RSUs vested into common stock on 10/07/2025, aligning director compensation with shareholders
• Beneficial ownership increased to 39,545 shares, reflecting continued insider stake

Negative

• None.

Insights

Corporate Governance Analyst

Director RSU vesting added 2,071 shares; change is routine compensation.

Vesting of 2,071 RSUs converted to the same number of common shares at an indicated per-share price of $5.63, increasing the director's direct holdings to 39,545 shares. This is recorded as an acquisition under Section 16 and reflects equity-based compensation delivered as equity rather than cash.

The primary dependencies are standard vesting terms and the company’s equity plan; no sale or disposition is disclosed here. Near-term investor impact is minimal given the modest share count, but monitor future Forms for any subsequent sales or additional grants within the next 12 months.

Insider Trade Summary

Net Buyer: 2,071 shares

Net Buy 2 txns

Insider Tobin James P

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,071	$5.63	$12K
Exercise	Common Stock	2,071	$5.63	$12K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 39,545 shares (Direct)

FAQ

What did the NEOG Form 4 filed for Tobin James P report?

It reported the vesting and settlement of 2,071 RSUs into 2,071 common shares on 10/07/2025 at a recorded price of $5.63 per share.

How many shares does Tobin James P beneficially own after this transaction (NEOG)?

After the settlement, the reporting person beneficially owned 39,545 shares of common stock.

Was this Form 4 transaction a market purchase or a compensation vesting (NEOG)?

The filing indicates the shares resulted from RSU vesting and settlement, i.e., compensation vesting, not an open-market purchase.

What is the recorded price per share for the settled RSUs in the NEOG Form 4?

The Form 4 lists the price as $5.63 per share for the RSU settlement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/09/2025 - 05:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tobin James P

(Last) (First) (Middle)

620 LESHER PLACE

(Street)

LANSING MI 48895

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NEOGEN CORP [ NEOG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/07/2025		M		2,071	A	$5.63	39,545	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$5.63	10/07/2025		M			2,071	10/07/2025	10/07/2025	Common Stock	2,071	$5.63	0	D

Explanation of Responses:

Remarks:

Each RSU is the economic equivalent of one share of common stock. On October 7, 2025, these RSUs vested and were settled for an equal number of shares of common stock.

	Christopher Sefcheck (Attorney in Fact)	10/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.