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

Role
PRESIDENT
Signature
/s/ Brad Williams
Stock symbol
CDRE
Transactions as of
Mar 18, 2024
Transactions value $
-$1,186,585
Form type
4
Date filed
3/20/2024, 04:18 PM
Previous filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDRE Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise +87K +104.63% 170K Mar 18, 2024 Direct F1
transaction CDRE Common Stock Tax liability -$1.19M -34.2K -20.12% $34.66 136K Mar 18, 2024 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 -87K -100% $0.00* 0 Mar 18, 2024 Common Stock 87K Direct F1
transaction CDRE Restricted Stock Units Award $0 +13.5K $0.00 13.5K Mar 18, 2024 Common Stock 13.5K Direct F3
transaction CDRE Stock Option (right to purchase) Award $0 +42.6K $0.00 42.6K Mar 18, 2024 Common Stock 42.6K $34.66 Direct F4
* 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 Cadre Holdings, Inc. (the "Issuer") Common Stock. 87,000 shares of phantom stock vested and became non-forfeitable on each of March 18, 2022, March 18, 2023 and March 18, 2024, respectively.
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, 2024 of a portion of the phantom stock award.
F3 Comprised of a restricted stock units award granted under the Issuer's 2021 Stock Incentive Plan (the "Plan") consisting of 13,524 shares of the Issuer's Common Stock. 4,508 shares of the Issuer's Common Stock will vest and become non-forfeitable on each of March 18, 2025, March 18, 2026 and March 13, 2027, respectively.
F4 The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 14,206 shares of the Issuer's Common Stock will vest and become exercisable on March 18, 2025 and options to purchase 14,204 shares of the Issuer's Common Stock will vest and become exercisable on each of March 18, 2026 and March 18, 2027.