Blaine Browers - Mar 18, 2023 Form 4 Insider Report for Cadre Holdings, Inc. (CDRE)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Blaine Browers
Stock symbol: CDRE
Transactions as of: Mar 18, 2023
Transactions value $: -$414,141
Form type: 4
Date filed: 3/21/2023, 04:31 PM
Previous filing: Mar 15, 2023
Next filing: Aug 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDRE	Common stock, par value $.0001 per share ("Common Stock")	Options Exercise		+55.3K	+99.29%		111K	Mar 18, 2023	Direct	F1
transaction	CDRE	Common Stock	Tax liability	-$414K	-21.8K	-19.61%	$19.02	89.3K	Mar 18, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CDRE	Phantom Stock	Options Exercise	$0	-55.3K	-50%	$0.00	55.3K	Mar 18, 2023	Common Stock	55.3K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 9, 2022, the Reporting Person was granted a phantom stock award under the Safariland Group Amended and Restated 2021 Phantom Restricted Share Plan consisting of 166,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Common Stock. 55,334 shares of phantom stock vested and became non-forfeitable on March 18, 2022, 55,333 shares of phantom stock vest and become non-forfeitable on March 18, 2023, and 55,333 shares of phantom stock will vest and become non-forfeitable on March 18, 2024.
F2	Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by Mr. Browers as a result of the vesting on March 18, 2023 of a portion of the phantom stock award.

Content

On March 9, 2022, the Reporting Person was granted a phantom stock award under the Safariland Group Amended and Restated 2021 Phantom Restricted Share Plan consisting of 166,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Common Stock. 55,334 shares of phantom stock vested and became non-forfeitable on March 18, 2022, 55,333 shares of phantom stock vest and become non-forfeitable on March 18, 2023, and 55,333 shares of phantom stock will vest and become non-forfeitable on March 18, 2024.

Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by Mr. Browers as a result of the vesting on March 18, 2023 of a portion of the phantom stock award.