KANDERS WARREN B 4
4 · Cadre Holdings, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Cadre (CDRE) 10% Owner Warren Kanders Receives RSUs; Shares Withheld
What Happened Warren B. Kanders, a reported 10% owner of Cadre Holdings (CDRE), had a portion of a 2024 restricted stock units (RSU) award vest on March 18, 2026. 11,180 shares vested and were converted to common stock; the issuer withheld 4,400 of those shares to satisfy tax withholding obligations, valued at $32.22 per share for a total withholding of $141,768. Net shares issued to Kanders from this vesting were 6,780 (11,180 vested minus 4,400 withheld). The filing shows this as vesting/conversion of RSUs (transaction code M) and a withholding sale for taxes (transaction code F).
Key Details
- Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (timely within the usual 2-business-day window).
- Vested/converted: 11,180 shares (RSU vesting/conversion).
- Shares withheld for taxes: 4,400 shares at $32.22/share = $141,768.
- Net shares delivered to insider from this vesting: 6,780 shares.
- Shares owned after transaction: Not specified in this filing.
- Relevant footnotes: RSUs were part of a 2024 award covering 33,540 shares with annual vesting of 11,180 in 2025, 2026 and 2027; withholding (F) reflects shares retained by the issuer to cover tax obligations. Reporting person is sole manager/member of Kanders SAF, LLC; spouse Allison Kanders noted; reporting person disclaims beneficial ownership except for pecuniary interest.
Context This was a routine RSU vesting event (award conversion), not an open-market purchase or a discretionary sale by the insider—only the tax-withholding portion involved a disposition of shares. Transaction codes: M = exercise/conversion of a derivative (here, RSUs converting to stock); F = shares withheld to satisfy tax withholding. As a 10% owner, Kanders is a significant shareholder; the filing and footnotes indicate this activity arose from a scheduled award vesting rather than a market-timed trade.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.0001 per share ("Common Stock")
[F1]2026-03-18+11,180→ 27,288 total - Tax Payment
Common Stock
[F2]2026-03-18$32.22/sh−4,400$141,768→ 22,888 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-18−11,180→ 11,180 total→ Common Stock (11,180 underlying)
- 10,117,039(indirect: By LLC)
Common Stock
[F3][F5] - 1,305,650(indirect: By IRA)
Common Stock
- 23,450(indirect: By IRA)
Common Stock
[F4][F5]
Footnotes (5)
- [F1]Comprised of a restricted stock units award granted on March 18, 2024 (the "2024 Restricted Stock Units Award"), under the Issuer's 2021 Stock Incentive Plan (the "Plan"), covering 33,540 shares of Common Stock. Of those shares, 11,180 shares vested and became non-forfeitable on each of March 18, 2025 and March 18, 2026, and 11,180 shares will vest and become non-forfeitable on March 18, 2027.
- [F2]Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by Mr. Kanders as a result of the vesting, on March 18, 2026, of a portion of the 2024 Restricted Stock Award.
- [F3]The Reporting Person is the sole manager and member of Kanders SAF, LLC.
- [F4]Allison Kanders is the Reporting Person's spouse.
- [F5]The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities.