Richard Wagner, who serves as Senior Vice President and Chief Operating Officer at Insteel Industries (NASDAQ: IIIN), executed a sale of common stock on February 26, 2026. The disposition covered 1,679 shares at a sale price of $37.67 per share, producing proceeds of $63,247. The company executive retains direct ownership of 40,000 shares following the transaction. The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission.
These insider activity details come amid the company's release of first-quarter 2026 financial results, which reflected a mixed performance against market expectations. Insteel posted earnings per share of $0.39, marginally above a consensus forecast of $0.38. At the same time, reported revenue totaled $159.9 million, which fell short of the anticipated $161.71 million.
Alongside the financial report, Insteel's board declared a regular quarterly cash dividend of $0.03 per share. The dividend is scheduled to be paid on March 27, 2026, to shareholders of record as of the close of business on March 13, 2026.
Corporate governance updates were also reported at the company's 2026 Annual Meeting of Shareholders. The board elected Abney S. Boxley II and Anne H. Lloyd to three-year terms, while Eric J. Zernikow was elected to a one-year term.
Taken together, the insider sale, the quarterly financial results and the board-level changes form the latest publicly disclosed developments for Insteel Industries. The Form 4 filing documents the insider transaction; the quarterly filing provides the headline earnings and revenue figures; and the board resolutions set the schedule for dividend distribution and director tenure.
Contextual note: The information above is limited to public disclosures. No additional motive for the insider transaction or further operational detail beyond the company's reported figures and the announced board and dividend actions was provided in the filings referenced.