Williams Brad 4

What Happened
Brad Williams, President of Cadre Holdings, had 4,508 restricted stock units (RSUs) vest on March 18, 2026 (part of a 2024 RSU award). The company converted those RSUs into common shares (recorded as an exercise/conversion of a derivative). To satisfy tax withholding on the vesting, Cadre withheld 1,098 of the vested shares and recorded the disposition of those withheld shares for $32.22 per share (total value $35,378). This was a vesting/tax-withholding event, not an open-market sale or purchase by the insider.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (timely within the usual 2‑business-day window).
• Primary actions recorded: exercise/conversion of derivative (code M) for 4,508 shares (acquired via vesting) and tax-withholding disposition (code F) of 1,098 shares at $32.22/share (proceeds $35,378).
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes: The RSU award was granted March 18, 2024 covering 13,524 shares with 4,508 shares vesting each year on March 18, 2025–2027; the withheld 1,098 shares satisfied Mr. Williams’s tax withholding obligations.
• No 10b5-1 plan or late filing was indicated in the Form 4.

Context
This was a routine vesting of RSUs and a corresponding share withholding to cover taxes (commonly called a "sell-to-cover" or withholding). It does not represent an open-market sale or a buy signal from the insider; purchases generally carry more weight as potential bullish signals. The derivative codes reflect conversion of RSUs to ordinary shares rather than exercising stock options for cash.