CARY SEAN M 4

What Happened

• Sean M. Cary, a director of Willamette Valley Vineyards, was granted 11,500 restricted shares on May 12, 2026. The award is reported as a derivative grant (code A) on the Form 4 and was issued at $0.00 (no cash purchase by the insider). This is a compensation/award grant rather than an open‑market purchase or sale.

Key Details

• Transaction date: May 12, 2026; Filing date: June 18, 2026 (filed ~37 days after the transaction).
• Grant size and price: 11,500 restricted shares granted at $0.00.
• Vesting schedule: 3,834 shares vest on May 12, 2027; 3,833 on May 12, 2028; 3,833 on May 12, 2029 (total = 11,500), contingent on continued service as a director.
• Change‑in‑control provision: All restricted shares vest immediately upon a "Change in Control" as defined in the Company’s 2025 Omnibus Equity Incentive Plan.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: The Form 4 was filed late (transaction occurred May 12; Form filed June 18). Late filings do not change the nature of the grant but delay public disclosure.

Context

• Restricted share awards are common director compensation and reflect future compensation rather than a personal cash investment; they typically vest over time and may have transfer and sale restrictions until vested.
• This grant should be viewed as compensation-related rather than an immediate bullish insider purchase; the shares only become freely usable as they vest or upon a qualifying change in control.