NTIC Director Nancy Calderon Receives Restricted Stock Award

What Happened

• Nancy E. Calderon, a director of Northern Technologies International Corp. (NTIC), received a grant of 6,188 restricted stock units (RSUs) on 2026-09-01 (transaction code A) at $0.00 per share. The award is reported as 6,188 shares issuable upon settlement.
• Earlier, Calderon made four small acquisitions (each labeled “L”): two on 2025-11-12 (2.521 shares at $8.12 for $20; 2.698 shares at $8.12 for $22) and two on 2026-02-11 (2.365 shares at $8.66 for $20; 2.533 shares at $8.66 for $22). Those four purchases total ~10.117 shares for about $84.

Key Details

• Transaction dates and prices:
  • 2025-11-12: 2.521 shares @ $8.12 = $20; 2.698 shares @ $8.12 = $22
  • 2026-02-11: 2.365 shares @ $8.66 = $20; 2.533 shares @ $8.66 = $22
  • 2026-09-01: 6,188 RSUs @ $0.00 (grant)
• Shares beneficially owned after reported transactions: 6,239.5901 shares (6,188 RSUs issuable on vesting + 51.5901 shares held in her IRA), per footnote disclosure.
• Footnotes:
  • F1: The 6,188 RSUs vest on September 1, 2027 and will be issued upon settlement only if Calderon remains a director through the vesting date.
  • F2: The “shares owned” total includes the 6,188 RSUs and 51.5901 shares held in Calderon’s IRA.
• Filing: This Form 4 was filed on 2026-09-03 reporting the activity through 2026-09-01.

Context

• The 6,188-item entry is a grant of restricted stock units (not an immediate cash purchase); RSUs convert to actual shares only upon vesting and settlement and typically carry no purchase price at grant.
• The earlier purchases were very small (roughly $20–$22 each) and are minor in economic size. Purchases are often more informative than sales, but here the amounts are minimal relative to a director-level holding.