Browers Blaine 4

What Happened

• Blaine Browers, Chief Financial Officer of Cadre Holdings (CDRE), had restricted stock units (RSUs) vest on March 13, 2026. Two sets of RSUs converted into 3,393 and 4,309 shares (total 7,702 shares). The company withheld 1,336 and 1,845 shares (total 3,181) to satisfy tax withholding obligations at $31.65 per share, generating $42,284 and $58,394 respectively (total $100,678). Net shares added to his holdings = 7,702 − 3,181 = 4,521 shares (approx. $143,090 using $31.65/share).
• The conversion entries show $0.00 exercise price—this reflects RSU vesting (conversion of a derivative into shares), not a cash purchase.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (filed on the reporting date, not noted as late).
• Price used for withholding: $31.65 per share; total tax-withheld proceeds: $100,678.
• Shares reported as converted/issued: 3,393 (2023 RSU award) and 4,309 (2025 RSU award) per footnotes.
• Shares withheld for taxes: 1,336 (from 2023 award) and 1,845 (from 2025 award).
• Shares owned after transaction: Not disclosed in the provided data (see filed Form 4 for total holdings).
• Footnotes: Vesting came from a March 13, 2023 RSU award (10,177 total awarded across vesting dates) and a March 13, 2025 RSU award (12,925 total awarded); withholding was to satisfy tax obligations on the vested portions.

Context

• This was vesting of RSUs with a standard "sell-to-cover" (share withholding) for taxes — common and not a market directional trade. The RSU conversion is coded as derivative conversion (M); withholding is coded as F. These transactions increase Browers’ net equity stake (he received net 4,521 shares).