Virco (VIRC) Form 4: 6,134-Share Award Boosts Director Holdings

Rhea-AI Filing Summary

Virco Mfg. Corporation (VIRC) Form 4 filing dated 18 June 2025: Director Bradley C. Richardson reported the acquisition of 6,134 shares of the company’s $0.01 par value common stock on 17 June 2025. The transaction is coded “A,” indicating an award from the issuer rather than an open-market purchase. The filing lists a reference price of $8.14 and notes that the shares are issued as restricted stock that will vest on 17 June 2025 (per the single footnote).

Following the grant, Richardson’s direct beneficial ownership rises to 35,754 shares. No derivative securities were acquired or disposed of, and the form contains no mention of a Rule 10b5-1 trading plan. The document is strictly limited to this compensation-related equity award and provides no additional financial metrics, operational updates, or strategic commentary. While the award modestly increases insider equity alignment, it is routine director compensation and is unlikely to exert material influence on near-term valuation or trading dynamics.

Positive

• Director ownership increases by 6,134 shares, reinforcing insider–shareholder alignment.
• Restricted stock vests within one year, encouraging short-term performance focus.

Negative

• Grant is compensation-based rather than an open-market purchase, limiting its signaling value.
• Filing lacks any operational or financial data, offering no fresh insight into company fundamentals.

Insights

Corporate Governance Expert

TL;DR: Routine director restricted-stock grant; slightly positive for alignment, immaterial for valuation.

The Form 4 shows a standard compensation award of 6,134 restricted shares to Director Bradley C. Richardson. Because it is an issuer grant (Code A) rather than an open-market purchase, the transaction does not involve personal capital deployment and therefore carries less signaling power than a voluntary buy. Nonetheless, the increase to 35,754 directly held shares modestly aligns the director’s incentives with shareholders. No derivatives, sales, or multiple insiders are involved, and the absence of additional corporate disclosures makes the filing non-impactful for valuation models. Investors typically view such grants as neutral events unless their size is exceptional relative to float, which is not indicated here.

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

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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^*

RICHARDSON BRADLEY C

(Last) (First) (Middle)

C/O VIRCO MFG. CORPORATION

2027 HARPERS WAY

(Street)

TORRANCE CA 90501

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VIRCO MFG CORPORATION [ VIRC ]

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)
06/17/2025

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 $.01 par value	06/17/2025		A		6,134(1)	A	$8.14	35,754	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

Explanation of Responses:

1. Represents a grant of restricted stock vesting on June 17, 2025

Remarks:

	/S/ Bradley Richardson	06/18/2025
	** 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).
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FAQ

How many Virco (VIRC) shares did Director Bradley Richardson receive in the June 17 2025 transaction?

He was awarded 6,134 restricted shares according to the Form 4.

What transaction code was used in Virco's Form 4 for June 17 2025?

The filing lists transaction code "A" for acquisition from the issuer.

What price is associated with the awarded VIRC shares?

The Form 4 records a reference price of $8.14 per share.

How many VIRC shares does Bradley Richardson own after this award?

His direct beneficial ownership totals 35,754 shares after the grant.

Were any derivative securities reported in this Form 4 filing?

No; the filing shows no derivative security transactions.