Lindblad (LIND) Director Michael Elliott Receives Award

What Happened
Michael Elliott, a director of Lindblad Expeditions Holdings, received an award of 3,240 restricted common shares (transaction code A) on 2026-08-08. The shares were granted at $0.00 per share (no cash was paid at grant). This is a compensation award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-08-08; Form 4 filed 2026-08-11 (as reported).
• Shares granted: 3,240; price reported: $0.00; total cash exchanged at grant: $0.
• Vesting/conditions: Restricted stock granted under the Long-Term Incentive Plan; vests one year from grant date subject to continued service (footnote).
• Shares owned after transaction: Not specified in the information provided.
• Filing timeliness: Form filed on 2026-08-11 reporting the 8/8 grant; no late-filing flag is noted in the provided data.

Context
Restricted stock awards are a form of compensation meant to align executives/directors with long-term shareholder interests; they vest over time and do not represent an immediate open-market purchase. Because no cash was paid at grant, the award is not a bullish purchase signal in the same way as an insider buy, but it increases the insider’s potential future ownership if vesting conditions are met.