Superior Group (NASDAQ: SGC) CEO granted 120K-share restricted stock award
Rhea-AI Filing Summary
BENSTOCK MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
SUPERIOR GROUP OF COMPANIES, INC. CEO Michael Benstock received a grant of 120,000 shares of common stock as a restricted stock award on May 7, 2026, at a stated price of $0.00 per share. The award vests on the third anniversary of the grant date, or on May 7, 2029.
On the grant date, the company’s common stock closed at $12.00 per share on NASDAQ. Following this grant, Benstock directly holds 710,637 shares of common stock, some of which remain subject to forfeiture, including 193,571 shares as of this filing. Indirect holdings include 22,000 shares held by his spouse and 397,006 shares held in an irrevocable trust for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 120,000 shares
Net Buy
3 txns
Insider
BENSTOCK MICHAEL
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 120,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 710,637 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 (3)
- F1. This is a restricted stock award which vests on the third anniversary of the grant date or 05/07/2029.
- F2. 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.
- F3. 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
Restricted stock grant: 120,000 shares
Grant price: $0.00 per share
Vesting date: May 7, 2029
+5 more
8 metrics
Restricted stock grant
120,000 shares
Common Stock award granted May 7, 2026
Grant price
$0.00 per share
Stated price for restricted stock award
Vesting date
May 7, 2029
Third anniversary of restricted stock grant
Market price on grant date
$12.00 per share
Closing price on NASDAQ on May 7, 2026
Direct holdings after grant
710,637 shares
Common Stock directly held by Michael Benstock
Restricted shares subject to forfeiture
193,571 shares
Remain subject to forfeiture as of filing date
Spouse-held indirect shares
22,000 shares
Common Stock held indirectly through spouse
Irrevocable trust shares
397,006 shares
Held in irrevocable trust; beneficial ownership disclaimed
Key Terms
restricted stock award, subject to forfeiture, irrevocable trust, disclaims beneficial ownership
4 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.
subject to forfeiture financial
"Certain of these shares were granted under restricted stock awards and are subject to forfeiture"
irrevocable trust financial
"Held in an Irrevocable Trust of which the reporting person disclaims beneficial ownership"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
disclaims beneficial ownership financial
"Irrevocable Trust of which the reporting person disclaims beneficial ownership"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SGC CEO Michael Benstock report?
Michael Benstock reported receiving a grant of 120,000 shares of Superior Group common stock as a restricted stock award. The grant is compensation, not an open-market purchase, and was made at a stated price of $0.00 per share on May 7, 2026.