Insteel (IIIN) CFO Scot Jafroodi Receives RSUs; 526 Shares Withheld

What Happened

• Scot R. Jafroodi, Vice President, Chief Financial Officer and Treasurer of Insteel Industries (IIIN), had 2,017 restricted stock units (RSUs) vest on August 14, 2026. The RSUs converted one-for-one into 2,017 shares.
• To cover tax withholding, 526 of those shares were withheld at an effective price of $32.62 per share, generating approximately $17,158 to satisfy tax liabilities. The net number of shares issued to Jafroodi after withholding was 1,491.
• This was a compensation-related vesting event (routine), not an open-market purchase or discretionary sale.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (timely filing).
• Reported codes: M = exercise/conversion of a derivative (RSU conversion); F = payment of tax liability via share withholding.
• Shares issued on vesting: 2,017; shares withheld for taxes: 526 at $32.62/share for ~$17,158; net shares received: 1,491.
• Footnotes: RSUs vested and converted 1-for-1 into common stock; 526 shares were withheld to satisfy taxes (vesting occurred Aug 14, 2026).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was a cashless tax-withholding settlement tied to RSU vesting (common for executive compensation). Such transactions are routine and reflect compensation realization, not a market-directional trade by the insider.