FRAZIER RANDALL H 4

What Happened

• Randall H. Frazier, a director of Optical Cable Corporation (OCC), was granted 3,733 common shares on 2026-06-16 as the stock portion of his annual board retainer. The Form 4 reports an acquisition at $0.00 per share (award), with a calculated retainer value of roughly $50,000 based on a trading price of $13.393 per share.
• The 3,733 shares were issued under the Optical Cable Corporation 2017 Stock Incentive Plan and are subject to forfeiture until they fully vest on June 17, 2027.

Key Details

• Transaction date: 2026-06-16 (Form 4 filed 2026-06-18).
• Filing shows acquisition price: $0.00 (award); retainer value used for calculation: $13.393/share → ≈ $49,996 (~$50,000).
• Award: 3,733 common shares issued under the 2017 Stock Incentive Plan as the stock portion of the 2026–2027 annual retainer.
• Vesting: Shares subject to forfeiture until fully vested on June 17, 2027.
• Shares owned after transaction: Not disclosed in the provided filing.
• Timeliness: Filing appears timely (Form 4 filed two days after the transaction).

Context

• This is a routine director compensation award rather than an open-market purchase or sale; such grants are standard and do not necessarily signal the director’s private view of the company’s near-term prospects.
• Because the shares are restricted until vesting, they are not immediately liquid and may be forfeited if vesting conditions aren’t met.