Stran & Company, Inc. 8-K

What Happened
On February 17, 2026, the Compensation Committee of Stran & Company, Inc. approved cash bonuses and restricted stock awards for senior executives. Cash bonuses of $45,000 were approved for Andrew Shape (President & CEO), $2,500 for David Browner (Chief Financial Officer) and $7,950 for Ian Wall (Chief Information Officer). The committee also approved restricted stock grants under the Amended and Restated 2021 Equity Incentive Plan of 25,000 shares to Browner and 12,000 shares to Wall; Browner and Wall executed the related award agreements on February 19, 2026.

Key Details

• Approval date: February 17, 2026; 8-K filed February 20, 2026.
• Cash bonuses: Andrew Shape $45,000; David Browner $2,500; Ian Wall $7,950.
• Restricted stock: 25,000 shares to David Browner; 12,000 shares to Ian Wall, granted under the 2021 Equity Incentive Plan.
• Vesting: Restricted shares vest one-third on each of the first, second and third anniversaries of the grant date; awards were subject to execution of standard restricted stock award agreements (executed Feb 19, 2026 for Browner and Wall).

Why It Matters
These board-approved awards are current executive compensation actions that increase near-term compensation expense and introduce time‑based equity that vests over three years. For investors, the filing signals how the company is compensating and retaining key executives (CEO, CFO, CIO) and the potential for modest share dilution as restricted shares vest.