Macicek Steven D 4
4 · AMERICAN VANGUARD CORP · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
American Vanguard (AVD) Director Steven D Macicek Receives Award
What Happened
Steven D Macicek, a director of American Vanguard Corp (AVD), was granted 31,872 deferred stock units (DSUs) on 2026-06-04. The Form 4 reports the grant at $0.00 per unit (transaction code A); each DSU represents the right to receive one share of common stock upon settlement.
Key Details
- Transaction date: 2026-06-04 (reported on Form 4 filed 2026-06-05).
- Transaction type/code: Award/Grant (A). Price per unit reported: $0.00.
- Units granted: 31,872 DSUs (each converts to one share upon settlement).
- Shares owned after transaction: not specified in the filing.
- Footnote: DSUs awarded as part of non-management director compensation for the 2026 annual meeting; DSUs settle upon the earlier of end of board service, change of control, or death (see F1). While outstanding, DSUs are nontransferable and carry no voting or dividend rights.
- Filing timeliness: filed the day after the transaction (appears timely).
Context
DSUs are deferred compensation — not an immediate purchase or sale — and are commonly used to compensate non-management directors. They do not convey voting power or dividends until settled; future settlement will convert each unit into one share and may result in share issuance/dilution. This award is a routine director compensation event and should not be interpreted as a direct buy/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-04+31,872→ 80,711 total
Footnotes (1)
- [F1]These represent deferred stock units ("DSU") that were awarded as part of the Company's compensation program for non-management directors in connection with the 2026 annual stockholders' meeting. Each DSU constitutes the right to receive one share of the Company's common stock upon settlement (which occurs on the earlier to occur of either (i) when the recipient's service on the Company's board is concluded, (ii) a change of control or (iii) the recipient's death). During the remaining term of service, DSUs are nontransferable and carry neither voting nor dividend rights. DSUs are subject to the terms and conditions of the Company's standard form DSU agreement.