Kennedy Susan P sold CDZI
March 4, 2025 · Form 4 insider transaction
Kennedy Susan P sold 175,000 shares of Cadiz Inc., a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Each previously reported performance right represents a contingent right to receive one share of Cadiz Inc. common stock.; The Reporting Person and Issuer mutually agreed to cancel these 175,000 performance rights so that the shares can be utilized for future grants to other key employees under the Cadiz Inc. 2019 Equity Incentive Plan. The Reporting Person received no consideration for the cancellation.; These previously reported performance rights vest upon the Company's common stock achieving a price hurdle of $15 per share, subject to the Reporting Person's continued employment as of such vesting date.