Savvy Trades and Investments

[jtomm]

BUKS - Form 4 filings should be better, imo. I actually wrote to the Board of Directors to ask them to footnote Form 4's in the future, to clearly distinguish when something is a purchase vs a stock grant. I said I don't know the laws, but even if it's not legally required, for purposes of transparency and clarity, and out of fairness to us shareholders, it should be made clear if this is a grant from the Company vs a purchase by someone with their after-tax savings.

The 300k shares were indeed a straight share grant, as I was guessing in my last updated post. This is from the 8-K of 10/05/23:

Item 8.01 Other Events.

On September 29, 2023, the Compensation Committee, with Mr. Edgar abstaining and taking no part in the discussion, approved an award of 300,000 shares of Company common stock to John M. Edgar, a director, to be issued on October 6, 2023 as an “other stock-based award” pursuant to the Company’s 2016 Equity Incentive Plan. The award was compensation for Mr. Edgar’s work in providing investor relations to the Company following the departure of Craig D Stewart in January 2023. These shares will be fully vested on the date of grant.

https://www.sec.gov/Archives/edgar/data/15847/000143774923027765/buks20231005_8k.htm