Insteel (IIIN) SVP Richard Wagner Receives RSU Award; Shares Withheld

What Happened

• Richard Wagner, Senior Vice President and Chief Operating Officer of Insteel Industries (IIIN), had 2,218 restricted stock units (RSUs) vest on August 14, 2026. The RSUs converted one-for-one into common shares. To cover tax withholding obligations, 578 of those shares were withheld at $32.62 per share, totaling $18,854. Net shares issued to Wagner after withholding were 1,640 (2,218 vested − 578 withheld).
• This transaction is an award/vesting event (not an open-market buy or discretionary sale); withholding shares to satisfy taxes is routine and does not necessarily indicate a change in sentiment.

Key Details

• Transaction date: August 14, 2026 (vesting date).
• Conversion/vesting: 2,218 RSUs converted into 2,218 common shares (one-for-one).
• Tax withholding: 578 shares withheld at $32.62 each = $18,854 (reported as a disposal to satisfy tax liability).
• Net shares issued to insider: 1,640 shares (after withholding).
• Footnotes: RSUs vested on Aug 14, 2026; RSUs convert one-for-one; withheld shares represent tax withholding.
• Filing timeliness: Form 4 filed Aug 18, 2026 — within the typical two-business-day reporting window for insider transactions (filing not marked late).
• Transaction codes in filing: M (conversion/exercise of derivative — the RSU conversion) and F (payment of tax liability via share withholding).

Context

• This was a standard RSU vesting event with share withholding to cover taxes (a common, administrative disposition). No open-market purchase or voluntary sale was reported. The filing shows conversion of RSUs into shares and the routine withholding; it does not, by itself, indicate a buy or sell signal.