AstroNova (ALOT) SVP Carll Wayne Sells Shares in Merger

What Happened

• Carll Thomas Wayne, Senior Vice President and General Manager — Aerospace at AstroNova, disposed of a total of 103,003 share-equivalents on August 26, 2026 under the Company’s Merger Agreement. The transactions generated approximately $2,667,712 in cash.
• Breakdown: 33,952 common shares sold to the issuer at $29.00 ($984,608); 17,500 option-related units cashed out at an effective $10.75 ($188,125); and multiple Restricted Stock Unit (RSU) and performance-RSU awards (524; 2,799; 43,591; 4,590; 47) cancelled and paid at the $29.00 Merger Consideration, totaling $1,494,979 across those awards.

Key Details

• Transaction date: 2026-08-26. Merger consideration used: $29.00 per share (net option cash-out reflected as $10.75 per option-share).
• Individual line items reported:
  • 33,952 shares @ $29.00 = $984,608 (disposed to issuer)
  • 17,500 option-related units @ $10.75 = $188,125 (cash payment in lieu of exercise)
  • 524 RSUs @ $29.00 = $15,196
  • 2,799 RSUs @ $29.00 = $81,171
  • 43,591 RSUs @ $29.00 = $1,264,139
  • 4,590 RSUs @ $29.00 = $133,110
  • 47 earned performance-RSUs @ $29.00 = $1,363
• Shares owned after the transaction: not specified in the filing.
• Notable footnotes: All dispositions occurred pursuant to the Agreement and Plan of Merger (F1). The option cash payment equals the number of option shares times (Merger Consideration − option exercise price) (F2). The RSUs and earned performance-RSUs were vested/cancelled and paid in cash at the Merger Consideration (F3–F7).
• Filing timeliness: filing date matches the transaction date (2026-08-26); no late filing indicated.

Context

• These were disposals and cash settlements tied to the company’s merger, not open-market sales. Options and RSUs were cancelled and cashed out under the Merger Agreement (i.e., not typical trading activity).
• For retail investors: merger-driven cash-outs are generally procedural—while they reduce the insider’s holdings, they reflect deal terms rather than an independent buy/sell decision by the insider.