Superior Group (SGC) president has 2,134 shares withheld for taxes
Rhea-AI Filing Summary
SUPERIOR GROUP OF COMPANIES, INC. reported that BAMKO, LLC President Jake Himelstein had 2,134 shares of common stock withheld on July 1, 2026 to cover tax obligations tied to a restricted stock award vesting. This was a tax-withholding disposition, not an open-market sale.
Following this withholding, Himelstein directly holds 130,156 shares of common stock, and footnotes state that 100,000 of these shares, granted under restricted stock awards, remain subject to forfeiture as of the filing date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,134 shares
Net Sell
1 txn
Insider
HIMELSTEIN JAKE
Role
President, BAMKO, LLC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,134 | $13.12 | $28K |
Holdings After Transaction:
Common Stock — 130,156 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, 100,000 continue to be subject to forfeiture as of the date of this filing.
Key Figures
Shares withheld for taxes: 2,134 shares
Price per share for withholding: $13.12 per share
Shares held after transaction: 130,156 shares
+1 more
4 metrics
Shares withheld for taxes
2,134 shares
Withheld on July 1, 2026 for tax obligations on vesting
Price per share for withholding
$13.12 per share
Value used for tax-withholding disposition
Shares held after transaction
130,156 shares
Direct common stock holdings following tax withholding
Restricted shares subject to forfeiture
100,000 shares
Portion of holdings from restricted stock awards still forfeitable
Key Terms
restricted stock award, withholding taxes, subject to forfeiture, tax-withholding disposition
4 terms
restricted stock award financial
"withheld by the issuer to cover applicable 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 related to the vesting"
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
"Certain of these 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 Superior Group (SGC) report for Jake Himelstein?
Superior Group reported a tax-related share disposition for Jake Himelstein. On July 1, 2026, 2,134 common shares were withheld by the company to cover applicable withholding taxes on the vesting of a restricted stock award, rather than through an open-market sale.
Was Jake Himelstein’s Superior Group (SGC) transaction an open-market sale?
The transaction was not an open-market sale. The Form 4 describes it as a tax-withholding disposition, where 2,134 shares were withheld by Superior Group to satisfy withholding taxes owed upon the vesting of a restricted stock award granted to Jake Himelstein.
What role does Jake Himelstein hold at Superior Group (SGC)?
Jake Himelstein serves as President of BAMKO, LLC, a subsidiary of Superior Group of Companies. His Form 4 insider filing reflects equity compensation activity, including restricted stock awards that vest over time and can trigger tax-withholding share dispositions when they vest.