Ruth Jon M 4
Research Summary
AI-generated summary
INSTEEL (IIIN) Director Ruth Jon Receives RSUs; 2,703 Vest
What Happened
- Ruth Jon M, a director of INSTEEL INDUSTRIES INC (IIIN), had 2,703 restricted stock units (RSUs) vest and convert into common shares on Feb 11, 2026 (reported on Form 4 filed Feb 12, 2026). The filing shows a conversion/exercise of a derivative for 2,703 shares and a simultaneous disposition of 2,703 shares at $0.00.
- On Feb 10, 2026 she was also granted 2,297 RSUs (award), recorded at $0.00; those RSUs are scheduled to vest on Feb 10, 2027 per the filing. No cash purchase or open-market sale at a market price is reported.
Key Details
- Transaction dates: Feb 10, 2026 (grant of 2,297 RSUs); Feb 11, 2026 (2,703 RSUs vested/converted).
- Prices shown: Grants and conversions recorded at $0.00 (typical for RSU grants and conversions). A concurrent disposition of 2,703 shares is listed at $0.00 in the filing.
- Shares owned after the transactions: not specified in the provided filing details.
- Footnotes: F1 = vesting of RSUs; F2 = RSUs convert one-for-one into common stock; F3 = the Feb 10, 2026 grant vests Feb 10, 2027; F4 = the RSUs that vested did so on Feb 11, 2026.
- Filing timeliness: Form 4 was filed Feb 12, 2026 covering transactions on Feb 10–11, 2026 (appears timely).
Context
- These entries reflect RSU activity (award and vesting/conversion), not an open-market buy or sale. The conversion and immediate disposition at $0.00 often indicates share surrender or withholding to satisfy tax obligations rather than a market sale, but the filing does not specify the reason.
- The new RSU grant (2,297) is a forward-looking award that vests next year (Feb 10, 2027) per the filing.