William Quigley - Mar 18, 2024 Form 4 Insider Report for Cadre Holdings, Inc. (CDRE)

Role: Director
Signature: /s/ William Quigley
Stock symbol: CDRE
Transactions as of: Mar 18, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/20/2024, 04:15 PM
Previous filing: Feb 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDRE	Common Stock, $.0001 par value ("Common Stock")	Options Exercise		+7.83K	+50%		23.5K	Mar 18, 2024	Direct	F1

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	+7.83K		$0.00^*	0	Mar 18, 2024	Common Stock	7.83K		Direct	F1
transaction	CDRE	Stock Option (right to purchase)	Award	$0	+16K		$0.00	16K	Mar 18, 2024	Common Stock	16K	$34.66	Direct	F2

* 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 23,500 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Cadre Holdings, Inc. (the "Issuer") Common Stock. 7,834 shares of phantom stock vested and became non-forfeitable on March 18, 2022, and 7,833 shares of phantom stock vested and became non-forfeitable on each of March 18, 2023 and March 18, 2024, respectively.
F2	16,000 options to purchase shares of the Issuer's Common Stock were granted under the Issuer's 2021 Stock Incentive Plan. Options to purchase 4,000 shares of the Issuer's Common Stock will vest and become exercisable in four equal consecutive quarterly tranches on each of March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively.

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 23,500 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Cadre Holdings, Inc. (the "Issuer") Common Stock. 7,834 shares of phantom stock vested and became non-forfeitable on March 18, 2022, and 7,833 shares of phantom stock vested and became non-forfeitable on each of March 18, 2023 and March 18, 2024, respectively.

16,000 options to purchase shares of the Issuer's Common Stock were granted under the Issuer's 2021 Stock Incentive Plan. Options to purchase 4,000 shares of the Issuer's Common Stock will vest and become exercisable in four equal consecutive quarterly tranches on each of March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively.