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

Role
PRESIDENT
Signature
/s/ Brad Williams
Stock symbol
CDRE
Transactions as of
Mar 18, 2023
Transactions value $
-$651,150
Form type
4
Date filed
3/21/2023, 04:40 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 +87K +118.97% 160K Mar 18, 2023 Direct F1
transaction CDRE Common Stock Tax liability -$651K -34.2K -21.38% $19.02 126K 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 Award $0 +87K $0.00 87K Mar 18, 2023 Common Stock 87K 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 261,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Common Stock. 87,000 shares of phantom stock vested and became non-forfeitable on March 18, 2022, 87,000 shares of phantom stock vest and become non-forfeitable on March 18, 2023, and 87,000 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. Williams as a result of the vesting on March 18, 2023 of a portion of the phantom stock award.