Form 4: Frequency Electronics Director Exercises Stock Appreciation Rights
SEC Form 4 Filing
Director Richard Schwartz exercised stock appreciation rights and disposed of shares to cover tax obligations, according to a recent SEC Form 4 filing.
Summary
- On April 17, 2025, Richard Schwartz, a director of Frequency Electronics Inc. (FEIM), exercised stock appreciation rights (SARs) related to 10,000 shares of common stock.
- The exercise price was $13.24 per share.
- As a result of the exercise, Schwartz acquired 10,000 shares and disposed of 7,663 shares to satisfy tax obligations at a price of $17.28.
- Following these transactions, Schwartz beneficially owns 42,761 shares of Frequency Electronics common stock directly.
- Additionally, 20,000 Stock Appreciation Rights previously granted to the reporting person have expired without being exercised.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.
Key Dates
| Date | Description |
|---|---|
| 04/30/2016 | Original grant date of Stock Appreciation Rights |
| 04/17/2025 | Date of transaction: Exercise of Stock Appreciation Rights and disposal of shares for tax obligations |
| 04/22/2025 | Date of signature on the SEC Form 4 filing |
| 04/30/2025 | Expiration date of Stock Appreciation Rights |
Keywords
Stock Appreciation Rights, Director, Form 4, Beneficial Ownership, Frequency Electronics, FEIM, Richard Schwartz, Securities
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