Browers Blaine 4

What Happened
Blaine Browers, Chief Financial Officer of Cadre Holdings (CDRE), was granted a total of 325,500 derivative awards on June 16, 2026, reported on a Form 4 filed June 18, 2026. The awards consist of 48,500 RSUs, 69,500 RSUs, 92,500 stock options, and 115,000 stock options — all recorded at $0.00 (no immediate cash value). These are grants (transaction code A), not sales or exercises.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18.
• Grants: 48,500 RSUs (F1) and 69,500 RSUs (F2); 92,500 options (F3) and 115,000 options (F4). Total = 325,500 awards. All reported at $0.00 (derivative awards).
• Vesting/conditions: Each award vests or becomes exercisable only if the company's common stock achieves specified VWAP hurdles over a 20‑day consecutive trading period on or before June 16, 2033, and also only after the later of achieving the VWAP hurdle or the third anniversary of grant. Hurdles: $60 VWAP for the 48,500 RSUs and 92,500 options; $80 VWAP for the 69,500 RSUs and 115,000 options.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed two days after the grant; no late‑filing flag provided in the materials.

Context

• RSUs: Restricted stock units convert to shares only if vesting/performance conditions are met — no shares issued today.
• Options: These are grants to purchase shares if and when performance and timing conditions are satisfied; they were not exercised.
• For retail investors: These are long‑dated, performance‑contingent compensation awards rather than open market purchases or sales. They indicate a retention/incentive structure for the CFO but do not represent an immediate cash investment or sale by the insider.