Macicek Steven D 4

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.