NAPCO (NSSC) CEO Kevin Buchel Receives 13,120-Share Award

What Happened
Kevin S. Buchel, CEO, President and a director of Napco Security Technologies, received a derivative award on September 29, 2026 for 13,120 shares at a per-share value of $37.90, with a total reported value of $497,248. This was an award/acquisition (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and terms: 2026-09-29; 13,120 derivative shares @ $37.90 each; total $497,248.
• Shares owned after transaction: Not specified in the provided filing.
• Vesting/convertibility notes: Footnote F1 — these awards are exercisable cumulatively at 20% per year commencing September 29, 2026 (i.e., multi-year vesting). Footnotes F2 and F3 reference other derivative holdings that are currently exercisable or vesting (20% per year commencing May 2, 2024).
• Timeliness: Form 4 was filed on 2026-10-01 for the 2026-09-29 transaction, which is within the normal 2-business-day reporting window (timely).

Context
This was a compensation-related derivative award (not an immediate cash purchase or sale). Because the award vests over multiple years, it does not represent an immediate increase in freely tradable shares. Awards like this are routine executive compensation and should be interpreted as part of pay structure rather than a direct market sentiment signal.