National Presto Industries (NPK) director-officer awarded 386 restricted shares
Rhea-AI Filing Summary
National Presto Industries reported an insider equity award for a senior executive who is both a director and an officer (COO, VP, Secretary). On 01/02/2026, this person acquired 386 shares of common stock with $1.00 par value as an "A" (acquired) transaction at a stated price of $0, reflecting a stock grant rather than an open-market purchase.
After this grant, the executive beneficially owns 9,142 shares directly and 1,681 shares indirectly through a 401(k) plan. The filing explains that the 386 shares are restricted stock granted under the company’s 2017 Incentive Compensation Plan, which shareholders adopted on May 16, 2017. Unless they vest earlier under the plan, these restricted shares will vest on March 15, 2031, tying part of the executive’s compensation to the company’s long-term performance.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did NATIONAL PRESTO INDUSTRIES INC (NPK) report?
The company reported that a director and officer (COO, VP, Secretary) acquired 386 shares of common stock on 01/02/2026 in an "A" (acquired) transaction at a stated price of $0, reflecting a restricted stock grant.
How many NATIONAL PRESTO INDUSTRIES INC (NPK) shares does the insider own after this transaction?
Following the reported grant, the insider beneficially owns 9,142 shares of NATIONAL PRESTO INDUSTRIES INC common stock directly and 1,681 shares indirectly through a 401(k) plan.
What plan governs the restricted stock granted to the NATIONAL PRESTO INDUSTRIES INC (NPK) insider?
The 386 restricted shares were granted under the company’s 2017 Incentive Compensation Plan, which was adopted by shareholders on May 16, 2017.
When do the restricted stock shares for the NATIONAL PRESTO INDUSTRIES INC (NPK) insider vest?
According to the explanation, the restricted stock shares granted on 01/02/2026 will vest on March 15, 2031, unless they vest earlier in accordance with the plan’s terms.
What roles does the reporting person hold at NATIONAL PRESTO INDUSTRIES INC (NPK)?
The filing identifies the reporting person as both a director and an officer, specifically serving as COO, VP, and Secretary of NATIONAL PRESTO INDUSTRIES INC.
Was the NATIONAL PRESTO INDUSTRIES INC (NPK) insider transaction part of a Rule 10b5-1 trading plan?
The form includes a checkbox for transactions under a Rule 10b5-1(c) trading plan, but the provided content does not indicate that this box was checked for the reported equity grant.