Standard Motor CIO sells shares for tax withholding
STANDARD MOTOR PRODUCTS, INC. executive Nicholas Ray, CIO & VP IT, reported an open-market sale of common stock mainly to cover taxes on vested equity awards.
Rhea-AI Filing Summary
STANDARD MOTOR PRODUCTS, INC. executive Nicholas Ray, CIO & VP IT, reported an open-market sale of common stock mainly to cover taxes on vested equity awards. He sold 1,950 shares of common stock at a weighted average price of $38.28 per share in a broker-assisted sale to satisfy withholding tax liability from restricted stock vesting under the company’s Omnibus Incentive Plans. After this sale, he directly holds 41,149 shares of common stock. A separate entry shows 5,627 ESOP shares beneficially owned following the most recent allocation update.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,950 | $38.28 | $75K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. This transaction was a broker-assisted sale of shares to cover the payment of withholding tax liability incurred upon the vesting of restricted stock awards issued to the reporting person under the Company's Omnibus Incentive Plans. This transaction was executed in multiple trades at prices ranging from $37.93 to $38.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2. ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.
Key Figures
Key Terms
broker-assisted sale financial
withholding tax liability financial
restricted stock awards financial
Omnibus Incentive Plans financial
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What did SMP executive Nicholas Ray report in his latest Form 4 filing?
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