National Presto (NPK) VP Sales granted 327 restricted shares under 2017 plan
Rhea-AI Filing Summary
National Presto Industries reported an insider equity award for its Vice President of Sales. On 01/02/2026, the officer received 327 shares of common stock as a grant of restricted stock under the company’s 2017 Incentive Compensation Plan at a stated price of $0 per share, reflecting a compensation award rather than an open-market purchase. Following this grant, the officer directly holds 1,875 shares of common stock and indirectly holds 535 shares through a 401(k) plan. The filing notes that, unless vested earlier under the plan terms, these restricted shares are scheduled to vest on March 15, 2031, highlighting a long-term incentive structure tied to continued service.
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FAQ
What insider transaction did NATIONAL PRESTO INDUSTRIES INC (NPK) report?
The company reported that its Vice President of Sales received a grant of 327 shares of restricted common stock on 01/02/2026 under the 2017 Incentive Compensation Plan.
What type of securities did the NPK officer receive in this filing?
The officer received restricted common stock of NATIONAL PRESTO INDUSTRIES INC with a par value of $1.00 per share, granted as equity compensation.
When will the restricted stock granted to the NPK officer vest?
According to the filing, the 327 restricted shares will vest on March 15, 2031, unless they vest earlier in accordance with the 2017 Incentive Compensation Plan.
How many NATIONAL PRESTO INDUSTRIES INC (NPK) shares does the officer own after the transaction?
After the reported grant, the officer beneficially owns 1,875 shares of common stock directly and 535 shares indirectly through a 401(k) plan.
Was the NPK officer’s transaction a market purchase or a grant?
The filing describes the transaction as a grant of restricted stock at a price of $0 per share, indicating it was an equity compensation award rather than a market purchase.
Under which plan was the restricted stock granted to the NPK officer?
The 327 restricted shares were granted under the company’s 2017 Incentive Compensation Plan, which was adopted by shareholders on May 16, 2017.