LLOYD ANNE H 4
Research Summary
AI-generated summary
Insteel (IIIN) Director Anne H. Lloyd Receives RSU Award, Converts Shares
What Happened
- Anne H. Lloyd, a director of Insteel Industries (IIIN), received an award of 2,297 restricted stock units (RSUs) on Feb 10, 2026 and, on Feb 11, 2026, 2,703 RSUs were converted (exercise/conversion of a derivative) into common shares and an equal number of shares were recorded as disposed the same day. The filing lists the grant price and the reported proceeds for the conversions/dispositions as $0.
- Footnotes in the filing state these are RSUs that convert one-for-one into common stock. The 2,297 RSUs granted on Feb 10 are scheduled to vest on Feb 10, 2027; the 2,703 RSUs referenced in the Feb 11 entries vested on Feb 11, 2026.
Key Details
- Transaction dates: Feb 10, 2026 (grant of 2,297 RSUs at $0); Feb 11, 2026 (conversion/exercise of 2,703 RSUs and same-day disposition of 2,703 shares; amounts and proceeds reported as $0).
- Transaction codes: A = Award/Grant (2,297 RSUs); M = Exercise/Conversion of derivative (2,703 RSUs converted and 2,703 shares disposed).
- RSU conversion: Footnote confirms RSUs convert 1-for-1 into common stock.
- Shares owned after transaction: Not specified in the supplied data.
- Filing timeliness: Form 4 was filed Feb 12, 2026. This appears to be within the typical two-business-day window required for reporting Section 16 transactions (no late filing flag shown).
Context
- These entries reflect RSU activity (award and vesting/conversion). The same-day conversion and disposition entries are commonly used when vested derivatives are converted to shares and then immediately transferred or withheld; the Form 4 here reports $0 proceeds for those dispositions.
- This is routine insider compensation/vesting activity rather than an open-market buy or sale that would signal a trading decision. The award of 2,297 RSUs vests later (Feb 10, 2027), while 2,703 RSUs already vested and were converted on Feb 11, 2026.