Lindblad (LIND) Director Alex P. Schultz Receives Award

What Happened

• Alex P. Schultz, a director of Lindblad Expeditions Holdings, Inc. (LIND), was granted 3,240 restricted shares on 2026-08-08. The shares were awarded at $0.00 per share (reported acquisition value $0), i.e., this is a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-08 (reported on Form 4 filed 2026-08-11).
• Transaction type/code: Award/Grant (Form 4 code A).
• Shares granted: 3,240 restricted shares; price per share reported $0.00; total reported acquisition value $0.
• Vesting: Restricted stock vests one year from the grant date, subject to continued service (footnote).
• Shares owned after transaction: not provided in the information shown in this summary.
• Filing timeliness: Form 4 was filed on 2026-08-11 for the Aug 8 grant; the filing shows no explicit late-filing flag in the provided record.

Context

• This grant is a compensation-related restricted stock award for a director and typically reflects long-term incentive pay rather than a direct market bet. Restricted shares vest over time (here, one year), so they may be forfeited if service conditions aren’t met. Such awards are common for directors and do not by themselves indicate the insider is buying or selling shares in the open market.