Woods Michael William 4

What Happened Michael William Woods, Chief Financial Officer of Arts Way Manufacturing Co., was awarded 15,000 shares on 2026-01-21. The shares were granted at $0.00 (no cash paid). This filing reports an award/grant (not a market purchase or sale); much of the grant is subject to vesting schedules rather than being immediately free-and-clear shares.

Key Details

• Transaction date: 2026-01-21; Form 4 filed 2026-01-22 (timely).
• Transaction type/code: Award/Grant (A); price reported $0.00; total shares acquired: 15,000.
• Shares owned following the transaction: Not disclosed in the provided filing.
• Footnote (F1) breakdown (vesting/ownership details included in the filing):
  • 8,000 shares fully vested.
  • 2,333 restricted shares vesting (risks lapse) on 2026-01-26.
  • 6,666 restricted shares vesting as to 3,333 shares on 2026-02-07 and 3,333 on 2027-02-07.
  • 10,000 restricted shares vesting as to 3,334 shares on 2026-01-24 and 3,333 shares on 2027-01-24 and 2028-01-24.
  • 15,000 restricted shares vesting as to 5,000 shares on each of 2027-01-21, 2028-01-21, and 2029-01-21.
• Filing notes: No indication of a 10b5-1 plan, tax withholding, or late filing in the provided record.

Context This was a grants/award transaction (restricted stock with staged vesting). Restricted shares typically vest over time and may be forfeited if employment conditions aren't met, so this is not the same as an immediate insider purchase. Awards are routine compensation and do not by themselves signal a buy or sell decision by the insider.