Buffamante Thomas E 4
Research Summary
AI-generated summary
ARTW Director Thomas E. Buffamante Receives 1,000-Share Award
What Happened
- Thomas E. Buffamante, a director of Arts Way Manufacturing Co., was granted 1,000 shares of restricted stock on 2026-05-31. The Form 4 reports the acquisition price as $0 and classifies the transaction as an award/grant (code A). Per the filing footnote, these shares are fully vested upon grant.
Key Details
- Transaction date: 2026-05-31; filing date: 2026-06-01 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares acquired: 1,000; reported acquisition price: $0.
- Footnote: F1 — represents fully-vested restricted stock granted pursuant to the director compensation plan.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
- Director equity awards are a common form of compensation and, when fully vested at grant, convey immediate ownership and voting rights. This transaction is an acquisition of shares (not a purchase from the market, sale, or option exercise). The filing shows no sale or disposition accompanying the grant.