Fortin Michael E 4
4 · NATURAL ALTERNATIVES INTERNATIONAL INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
NAII CFO Michael Fortin Receives 12,000 Restricted Shares
What Happened
Michael E. Fortin, Chief Financial Officer of Natural Alternatives International, was granted 12,000 restricted shares (award) and separately had 4,308 shares resold to the company to satisfy tax withholding. The resale was executed at $2.73 per share for proceeds of $11,761; the restricted-share grant reports acquisition at $0.00 (standard for awards).
Key Details
- Transaction dates: March 6, 2026 (report filed March 10, 2026; period of report March 6, 2026).
- Disposal: 4,308 shares sold/rescinded to issuer at $2.73/share for $11,761 (code F — tax withholding).
- Grant: 12,000 restricted shares awarded (code A — grant) reported at $0.00.
- Vesting/tax note: The 4,308-share resale covered withholding for the vesting of 7,666 shares on March 7, 2026 (footnote).
- New award vesting schedule: the 12,000 shares vest one-third on March 7 of 2027, 2028 and 2029 (4,000 shares each year).
- Shares owned after the transactions: not specified in the filing.
- Filing timeliness: report filed March 10, 2026 for March 6 transactions; no late-filing flag noted in the document.
Context
The 12,000-share entry is a standard restricted stock grant (not an open-market purchase) and vests over three years. The 4,308-share disposal was a routine tax-withholding/resale tied to prior vesting, not an open-market sale indicating directional trading.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-06$2.73/sh−4,308$11,761→ 46,554 total - Award
Common Stock
[F2][F3]2026-03-06+12,000→ 58,554 total
- 185(indirect: By IRA)
Common Stock
Footnotes (3)
- [F1]This transaction represents a resale of 4,308 shares to the Issuer as payment of the reporting person's tax liability upon vesting of 7,666 shares of restricted stock on March 7, 2026, using the closing stock price on March 6, 2026, of $2.73 per share.
- [F2]This transaction represents a grant of restricted stock to the Officer pursuant to the Issuer's 2020 Omnibus Incentive Plan.
- [F3]One third (4,000 shares) of the restricted stock vests on March 7, 2027; one third (4,000 shares) of the restricted stock vests on March 7, 2028, and the final third (4,000 shares) of the restricted stock vests on March 7, 2029.