Company: CRWS
Filing Date: 2025-06-27
Form Type: DEF 14A
Source: 0001437749-25-021381
Chunk: 41

Company: CROWN CRAFTS INC
Filing Date: 2025-06-27
Form: DEF 14A
Chunk 41
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 in its entirety on March 26, 2027, but was amended on February 11, 2025, in connection with Mr. Demarest’s retirement, to vest ratably over the period from the grant date to the last day of his employment with the Company, which will be July 1, 2025. |

| (7) | Amounts shown are the number of shares underlying the options granted to the named executive officer on June 21, 2023. The options vest and become exercisable in equal installments over a two-year period. |

| (8) | Amount shown is the number of shares underlying the options granted to the named executive officer on June 13, 2019. |

| (9) | Market values shown are based on the closing price of Common Stock of $3.69 per share as of March 28, 2025, as reported on Nasdaq. |

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Option Exercises and Stock Vested

During the fiscal year 2025, our named executive officers did not exercise any stock options. The following table sets forth information regarding the vesting of restricted stock for the named executive officers during fiscal year 2025.

| Name              |     | Option Awards 
 Number of     
 Shares        
 Acquired on   
 Exercise (#)  |   |     | Value Realized 
 on Exercise    |   |     | Stock Awards 
 Number of    
 Shares       
 Acquired on  
 Vesting (#)  |        |     | Value Realized 
 on Vesting     |        |    |
|:------------------|:----|:--------------|:--|:----|:---------------|:--|:----|:-------------|-------:|:----|:---------------|-------:|---:|
| Olivia W. Elliott |     |               | - |     |                | - |     |              | 25,000 |     | $              | 96,500 | -1 |
| Craig J. Demarest |     |               | - |     |                | - |     |              | 15,000 |     | $              | 57,900 | -2 |
|                   |     |               |   |     |                |   |     |              | 11,000 |     | $              | 52,910 | -2 |

| (1) | Reflects the value of 25,000 shares of restricted Common Stock which vested on March 21,