Optical Cable (OCC) director awarded 3,733 shares as $50K retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEBER CRAIG H reported acquisition or exercise transactions in this Form 4 filing.
OPTICAL CABLE CORP director Craig H. Weber received a stock award of 3,733 common shares as part of his board compensation. The shares were issued under the Optical Cable Corporation 2017 Stock Incentive Plan for the stock portion of his $50,000 annual retainer for the 2026-2027 board year, based on a trading price of $13.393 per share. Following the award, he holds 230,007 common shares directly. The 3,733 shares are subject to forfeiture until they fully vest on June 17, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WEBER CRAIG H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,733 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 230,007 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock award size: 3,733 shares
Retainer value: $50,000
Pricing basis: $13.393 per share
+2 more
5 metrics
Stock award size
3,733 shares
Common stock grant to director as annual retainer stock portion
Retainer value
$50,000
Stock portion of 2026-2027 board year director retainer
Pricing basis
$13.393 per share
Trading price per share used to calculate 3,733-share award
Post-transaction holdings
230,007 shares
Total common shares held directly by Craig H. Weber after grant
Vesting date
June 17, 2027
Date when 3,733 awarded shares fully vest, subject to forfeiture until then
Key Terms
Stock Incentive Plan, annual retainer, forfeiture, vest
4 terms
Stock Incentive Plan financial
"issued under the Optical Cable Corporation 2017 Stock Incentive Plan, as amended"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
annual retainer financial
"for the stock portion of the annual retainer for the 2026-2027 board year"
forfeiture financial
"the 3,733 common shares are subject to forfeiture until they fully vest"
vest financial
"until they fully vest on June 17, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.