Director Paul Mellini receives 10,000 restricted SGC (NASDAQ: SGC) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mellini Paul V reported acquisition or exercise transactions in this Form 4 filing.
SUPERIOR GROUP OF COMPANIES, INC. director Paul V. Mellini reported receiving a grant of 10,000 shares of common stock as a restricted stock award. The award carries no cash purchase price and will vest on the third anniversary of the grant date, or on 05/07/2029.
Following this grant, Mellini directly holds 119,912 shares of common stock, including 31,368 shares that are still subject to forfeiture under existing restricted stock awards as of the filing date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mellini Paul V
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 119,912 shares (Direct, null)
Footnotes (1)
- This is a restricted stock award which vests on the third anniversary of the grant date or 05/07/2029. On May 7, 2026, the date such restricted stock award was granted, the closing price of the issuer's common stock on the NASDAQ was $12.00 per share. Certain of these shares were granted under restricted stock awards and are subject to forfeiture. Of such shares, 31,368 continue to be subject to forfeiture as of the date of this filing.
Key Figures
Restricted stock grant: 10,000 shares
Total holdings after grant: 119,912 shares
Shares subject to forfeiture: 31,368 shares
+3 more
6 metrics
Restricted stock grant
10,000 shares
Common Stock award on May 7, 2026
Total holdings after grant
119,912 shares
Common Stock directly held following transaction
Shares subject to forfeiture
31,368 shares
Restricted stock still forfeitable as of filing date
Grant vesting date
May 7, 2029
Third anniversary of restricted stock grant
Closing price on grant date
$12.00 per share
NASDAQ closing price on May 7, 2026
Reported transaction price
$0.00 per share
No cash paid for restricted stock award
Key Terms
restricted stock award, vests, subject to forfeiture
3 terms
restricted stock award financial
"This is a restricted stock award which vests on the third anniversary of the grant date"
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.
vests financial
"which vests on the third anniversary of the grant date or 05/07/2029"
subject to forfeiture financial
"Certain of these shares were granted under restricted stock awards and are subject to forfeiture"
FAQ
What did Superior Group of Companies (SGC) director Paul Mellini report in this Form 4?
Director Paul V. Mellini reported receiving a grant of 10,000 shares of Superior Group of Companies common stock. The shares were issued as a restricted stock award, increasing his direct holdings to 119,912 shares following the transaction.
What was Superior Group of Companies’ stock price on the grant date?
On May 7, 2026, the date the restricted stock award was granted, the closing price of Superior Group of Companies’ common stock on NASDAQ was $12.00 per share, as disclosed in the Form 4 footnotes.