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William Linnane, President of SPAR Group, Inc. (NASDAQ: SGRP), acquired 173,000 shares of the company’s common stock on October 3, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $1.02, for a total transaction value of $176,460. The purchase price represents a slight discount to the current trading price of $1.09, though the stock has fallen over 55% in the past year from its 52-week high of $2.48. InvestingPro analysis suggests the company is currently trading below its Fair Value.
The purchase was made as part of an employment agreement related to Linnane’s promotion to President and Interim Chief Executive Officer. He received a one-time cash award of $250,000, with the understanding that the after-tax proceeds would be used to buy shares of SPAR Group ’s treasury common stock. Following the transaction, Linnane directly owns 190,909 shares of SPAR Group. Investors should note that SPAR Group is scheduled to report earnings on November 11, 2025, which may provide further insights into the company’s financial position.
In other recent news, SPAR Group has undergone several significant leadership changes and financial updates. The company appointed James Gillis as Executive Chairman, with William Linnane taking on the role of interim CEO following the retirement of Michael R. Matacunas. Linnane, who also serves as President, is tasked with achieving record earnings by the end of 2026. In a strategic move, SPAR Group has extended and increased its credit facilities with SLR Business Credit, raising the U.S. revolving credit facility to $30 million and the Canadian facility to US$6 million. This extension includes a new maturity date of October 10, 2027. Additionally, the company announced a strategic refocus, naming Josh Jewett as Chief Technology Officer. These developments come after nearly two years of restructuring and divestment of offshore operations. The company has also removed a $4 million potential liability by terminating a change in control severance agreement with Matacunas.
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