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Christopher Broderick, Chief Financial Officer of Atlantic International Corp. (NASDAQ:ATLN), recently acquired 577,171 shares of the company's common stock. The transaction, which took place on January 7, 2025, involved a purchase at a nominal price of $0.0001 per share, totaling approximately $57. At the current share price of $5.85, this stake is valued at approximately $3.4 million. The stock has shown remarkable strength, gaining 162% over the past year according to InvestingPro data.
Additionally, Broderick was awarded 577,171 restricted stock units (RSUs) under his Executive Employment Agreement from June 18, 2024. These RSUs were granted as part of the company's 2023 Equity Incentive Plan. The RSUs were issued in an exempt transaction according to Rule 16b-3 under the Securities Exchange Act of 1934, as per the filing details.
Following these transactions, Broderick's total direct ownership in Atlantic International stands at 2,581,408 shares.
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