SGC (SGC) CEO Benstock reports tax withholding of 23,469 restricted shares
Rhea-AI Filing Summary
Superior Group of Companies CEO Michael Benstock reported a tax-related share withholding on February 3, 2026. The issuer withheld 23,469 shares of common stock at $9.98 per share to cover withholding taxes tied to the vesting of a restricted stock award.
After this transaction, Benstock directly owned 590,637 common shares, some of which were granted as restricted stock and remain subject to forfeiture, including 73,571 shares as of this filing. The filing also lists 397,006 shares held in an irrevocable trust, for which he disclaims beneficial ownership, and 22,000 shares held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,469 shares
Net Sell
3 txns
Insider
BENSTOCK MICHAEL
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 23,469 | $9.98 | $234K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 590,637 shares (Direct);
Common Stock — 397,006 shares (Indirect, Held in an Irrevocable Trust of which the reporting person disclaims beneficial ownership);
Common Stock — 22,000 shares (Indirect, Spouse)
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, 73,571 continue to be subject to forfeiture as of the date of this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SGC CEO Michael Benstock report on February 3, 2026?
Michael Benstock reported issuer withholding of 23,469 SGC common shares at $9.98 per share. These shares were withheld to satisfy tax obligations from a restricted stock award vesting, rather than being sold in an open-market transaction.
Was Michael Benstock’s February 3, 2026 SGC transaction an open-market sale?
No, the February 3, 2026 transaction was not an open-market sale. Shares were withheld by Superior Group of Companies to cover tax withholding obligations triggered by the vesting of a restricted stock award granted to Michael Benstock.