Taylor Mike J 4

What Happened Mike J. Taylor, President, CEO and a director of Friedman Industries, was granted 30,000 restricted shares on June 3, 2026. The Form 4 reports the acquisition at $0.00 per share (no cash paid reported). This is a compensation award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-03. Report filed: 2026-06-22 (filed 19 days after the grant; this is a late Form 4 filing).
• Price reported: $0.00 per share; total reported cash consideration $0.
• Shares granted: 30,000 restricted common shares.
• Shares owned after transaction: not specified in the Form 4 excerpt.
• Vesting (per filing footnote): half the shares (15,000) vest in equal amounts each year over three years beginning April 1, 2026 (i.e., ~5,000 shares per year); the other half (15,000) vest based on three-year performance criteria tied to earnings before tax and certain balance-sheet metrics (accounts receivable, inventory, property, plant & equipment). All vesting is subject to continued employment.

Context Restricted stock awards are a form of executive compensation and do not necessarily indicate immediate bullish buying—vesting and performance conditions often determine whether the insider ultimately receives the shares. The late filing means the market did not receive this disclosure within the usual two-business-day window after the transaction.