SGC (SGC) CLO has 1,072 shares withheld to cover tax obligations
Rhea-AI Filing Summary
SUPERIOR GROUP OF COMPANIES, INC. Chief Legal Officer and Secretary Jordan M. Alpert reported a tax-related share disposition when 1,072 shares of common stock were withheld by the issuer at $13.01 per share to cover withholding taxes on a vested restricted stock award.
After this withholding event, Alpert directly holds 88,079 shares of common stock. Footnotes note that certain shares come from restricted stock awards and remain at risk of forfeiture, with 35,000 shares still subject to forfeiture as of the filing date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,072 shares
Net Sell
1 txn
Insider
Alpert Jordan M.
Role
Chief Legal Officer & Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,072 | $13.01 | $14K |
Holdings After Transaction:
Common Stock — 88,079 shares (Direct)
Footnotes (2)
- F1. Shares withheld by the issuer to cover applicable withholding taxes related to the vesting of a restricted stock award.
- F2. Certain of these shares were granted under restricted stock awards and are subject to forfeiture. Of such shares, 35,000 continue to be subject to forfeiture as of the date of this filing.
Key Figures
Shares withheld for taxes: 1,072 shares
Per-share value for withholding: $13.01 per share
Shares held after transaction: 88,079 shares
+1 more
4 metrics
Shares withheld for taxes
1,072 shares
Withheld to cover applicable withholding taxes on restricted stock vesting
Per-share value for withholding
$13.01 per share
Value used for the 1,072-share tax-withholding disposition
Shares held after transaction
88,079 shares
Direct common stock holdings following the tax-withholding event
Shares subject to forfeiture
35,000 shares
Restricted stock awards still subject to forfeiture as of the filing date
Key Terms
restricted stock award, withholding taxes, subject to forfeiture, tax-withholding disposition
4 terms
restricted stock award financial
"withholding taxes related to the vesting of a restricted stock award"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
withholding taxes financial
"Shares withheld by the issuer to cover applicable withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
subject to forfeiture financial
"shares were granted under restricted stock awards and are subject to forfeiture"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SGC officer Jordan M. Alpert report?
Jordan M. Alpert reported a tax-related disposition where 1,072 shares of Superior Group of Companies common stock were withheld by the issuer. The shares covered withholding taxes tied to the vesting of a restricted stock award, rather than representing an open-market sale.