Superior Group CEO gifts 59,132 company shares
SUPERIOR GROUP OF COMPANIES, INC.
Rhea-AI Filing Summary
SUPERIOR GROUP OF COMPANIES, INC. CEO Michael Benstock reported a charitable transfer of common stock. He made a bona fide gift of 59,132 shares of common stock to a donor advised philanthropy fund, and received no payment for the shares.
After the gift, Benstock directly owned 651,505 common shares, some of which were granted as restricted stock awards. Of these, 193,571 shares remained subject to forfeiture as of the filing date. He also reported indirect holdings of 22,000 shares through his spouse and 397,006 shares held in an irrevocable trust for which he disclaimed beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
59,132 shares gifted
Gift
3 txns
Insider
BENSTOCK MICHAEL
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 59,132 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 651,505 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. The reported transaction involves a transfer of 59,132 shares of common stock as a bona fide gift to a donor advised philanthropy fund, for which no payment of consideration was received by the reporting person.
- F2. Certain of these shares were granted under restricted stock awards and are subject to forfeiture. Of such shares, 193,571 continue to be subject to forfeiture as of the date of this filing.
Key Figures
Shares gifted: 59,132 shares
Direct holdings after gift: 651,505 shares
Restricted shares subject to forfeiture: 193,571 shares
+2 more
5 metrics
Shares gifted
59,132 shares
Bona fide gift of common stock
Direct holdings after gift
651,505 shares
Common stock directly owned post-transaction
Restricted shares subject to forfeiture
193,571 shares
Restricted stock awards as of filing date
Spousal indirect holdings
22,000 shares
Common stock held indirectly through spouse
Irrevocable trust holdings
397,006 shares
Shares in irrevocable trust, beneficial ownership disclaimed
Key Terms
bona fide gift, donor advised philanthropy fund, restricted stock awards, subject to forfeiture
4 terms
bona fide gift financial
"The reported transaction involves a transfer of 59,132 shares of common stock as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
donor advised philanthropy fund financial
"as a bona fide gift to a donor advised philanthropy fund, for which no payment of consideration was received"
restricted stock awards financial
"Certain of these shares were granted under restricted stock awards and are subject to forfeiture."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
subject to forfeiture financial
"Of such shares, 193,571 continue to be subject to forfeiture as of the date of this filing."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Superior Group (SGC) CEO Michael Benstock report in this Form 4?
Michael Benstock reported a charitable transfer of Superior Group common stock. He gifted 59,132 shares as a bona fide gift to a donor advised philanthropy fund, received no consideration, and updated his direct and indirect ownership totals in the company’s shares.
How are the CEO’s indirect Superior Group (SGC) holdings structured in this Form 4?
Indirect holdings include 22,000 shares held by his spouse and 397,006 shares in an irrevocable trust. The filing states that he disclaims beneficial ownership of the trust shares, indicating those shares are associated with him but not treated as his personal economic interest.
Does the Superior Group (SGC) Form 4 show any open-market buying or selling by the CEO?
The Form 4 reports a bona fide gift of 59,132 shares, not an open-market trade. The transaction code is G, indicating a gift, and the price per share is shown as 0.0000, reflecting that no sale proceeds were received by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
