FRD CFO Alex LaRue Receives 10,000-Share Award

What Happened Alex LaRue, Chief Financial Officer of Friedman Industries, received a grant of 10,000 shares of restricted common stock on June 3, 2026. The shares were reported at $0.00 per share (no cash paid). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: June 3, 2026; Form 4 filed: June 22, 2026 (filed 19 days after the grant).
• Amount: 10,000 restricted shares; reported price: $0.00 (award/compensation).
• Shares owned after the transaction: Not disclosed in the filing.
• Footnote: Half of the shares vest in equal amounts each year for three years beginning April 1, 2026 (time-based). The other half vest based on multi-year performance criteria (earnings before tax and certain balance-sheet amounts) over a three-year period beginning April 1, 2026. All vesting is subject to continued employment.
• Filing timeliness: The Form 4 was filed well after the 2-business-day rule for insider reporting, indicating a late filing.

Context This was a restricted stock award (compensation) rather than a purchase or sale; such grants are common for executives and typically vest over time or on performance conditions. The late filing is a disclosure issue for investors to note but does not, by itself, indicate anything about company performance or insider intent.