William Arnold Drafts, President of M-tron Industries, Inc. (MPTI), filed a Form 4 on August 5, 2026, reporting the acquisition of restricted common stock and the holding of stock options as of transactions dated March 19, 2026 and April 4, 2026.

Key Highlights

  • Restricted Stock Acquired: Drafts acquired 2,840 shares of common stock on March 19, 2026 at a price of $0, subject to a vesting schedule.
  • Vesting Schedule: The restricted shares vest as follows: 852 shares on 3/19/2027, 852 shares on 3/19/2028, and 1,136 shares on 3/19/2029.
  • Beneficial Ownership Following Transaction: Drafts directly beneficially owned 16,656 shares of common stock following the reported transaction.
  • Stock Options Reported: Drafts holds stock options to purchase 12,500 shares of common stock at an exercise price of $40.32, with an expiration date of April 4, 2030.
  • Option Vesting: The stock options vest 30% on 4/4/2026, 30% on 4/4/2027, and 40% on 4/4/2028, according to the filing.
  • Reporting Person Role: Drafts is identified in the filing as President of M-tron Industries, Inc.

Drafts Reports Restricted Stock Grant and Stock Options at M-tron Industries

According to the Form 4 filed with the U.S. Securities and Exchange Commission on August 5, 2026, William Arnold Drafts, President of M-tron Industries, Inc. (MPTI), reported the acquisition of 2,840 restricted shares of common stock on March 19, 2026. The filing states the transaction code is "A" (acquired) and that the shares were received at a price of $0. All ownership reported is direct.

The filing discloses that the restricted shares are subject to a multi-year vesting schedule: 852 shares vest on March 19, 2027; 852 shares vest on March 19, 2028; and 1,136 shares vest on March 19, 2029. Following this transaction, the filing reports Drafts directly and beneficially owned 16,656 shares of M-tron Industries common stock.

In Table II, covering derivative securities, the filing reports that Drafts holds stock options with a conversion or exercise price of $40.32, covering 12,500 shares of common stock. The expiration date of these options is April 4, 2030. According to the filing's explanation of responses, the options vest 30% on April 4, 2026, 30% on April 4, 2027, and 40% on April 4, 2028. The filing lists 12,500 derivative securities beneficially owned following the reported transaction, held directly.

What Was Disclosed

The filing reports the acquisition of 2,840 restricted common shares at $0 by M-tron Industries' President on March 19, 2026, bringing his direct beneficial ownership to 16,656 shares, along with stock options for 12,500 shares at $40.32 expiring April 4, 2030.