Lindblad (LIND) Director Mark Ein Receives Restricted Stock Award

What Happened

• Mark Ein, a director of Lindblad Expeditions Holdings, Inc. (LIND), was granted 3,240 restricted shares on August 8, 2026. The shares were reported as an award (transaction code A) at $0.00 per share (total reported value $0).
• The restricted stock vests one year from the grant date (subject to continued service), per the company's Long‑Term Incentive Plan.

Key Details

• Transaction date: August 8, 2026; Form 4 filed August 11, 2026.
• Amount granted: 3,240 restricted shares; reported acquisition price $0.00 (award).
• Vesting: One-year vesting from grant date, subject to continued service (Footnote F1).
• Beneficial ownership note: Footnote F6 states Capital Acquisition Management 2 LLC (of which Leland Investments Inc., controlled by Mr. Ein, is the sole member) holds 3,456,416 shares acquired in 2015; the restricted grant is in addition to those holdings.
• Derivative/related arrangements: Footnotes F3–F5 disclose a prepaid variable share forward entered 5/29/2026 with Citibank (split into 10 components), with a forward floor of $20.16 and cap of $31.36 per share; Mr. Ein paid $255,360 upfront. Under that agreement he may be required to deliver shares or cash for certain components at settlement in June 2029.
• Filing timeliness: Form 4 was filed Aug 11, 2026 to report the Aug 8 grant; no late filing flag is indicated on the report.

Context

• This transaction is an award of restricted stock (not an open‑market purchase or sale), so it reflects compensation rather than a market trade. Restricted grants typically incentivize continued service rather than signal immediate buying/selling intent.
• The disclosed prepaid forward arrangement is a separate derivative strategy that may affect future deliveries of shares; it does not change the nature of this restricted‑stock grant.