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Donald C. Bedell, a director at FutureFuel Corp . (NYSE:FF), has recently acquired 10,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The insider purchase comes as the stock trades near its 52-week low, with InvestingPro analysis indicating the company is currently undervalued. The shares were purchased at an average price of $4.00 per share, bringing the total transaction value to $40,000. This acquisition increases Bedell’s indirect ownership to 109,975 shares. The shares were acquired by the Africa Exempt Trust, a trust established by Bedell, where he is a beneficiary but not a trustee. This transaction reflects Bedell’s continued involvement and investment in FutureFuel, a company known for its industrial organic chemicals and strong financial health, with a current ratio of 4.95 and an impressive 18-year track record of consistent dividend payments, currently yielding 5.94%. For comprehensive insider trading analysis and additional insights, investors can access more detailed metrics through InvestingPro.
In other recent news, FutureFuel Corp. has announced an expansion of its Board of Directors with the appointment of Pamela R. Butcher as a Class C director, increasing the board to nine members. Ms. Butcher brings extensive experience in business management and marketing within the chemical industry, having held director positions at both publicly traded and privately held companies. Her notable past roles include CEO, President, and COO of Pilot Chemical Corp, where she served from 2010 to 2021. Additionally, she spent nearly three decades at The Dow Chemical (NYSE:DOW) Company in various senior positions. Ms. Butcher’s academic background includes a Bachelor of Science in Agronomy and a Masters of Science from Purdue University. She is also recognized for her contributions to industry-related organizations like the American Cleaning Institute. There are no reported arrangements or transactions between Ms. Butcher and FutureFuel requiring disclosure under SEC regulations. As part of her compensation, she will receive pro-rated director compensation for 2024 and an option to purchase 10,000 shares of FutureFuel’s common stock. This board expansion aligns with FutureFuel’s strategic direction in its chemical and biofuel production segments.
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