SMP (SMP) CEO Eric Sills granted 6,048 restricted shares under 2025 plan
Rhea-AI Filing Summary
Sills Eric reported acquisition or exercise transactions in this Form 4 filing.
STANDARD MOTOR PRODUCTS, INC. CEO and President Eric Sills received an award of 6,048 shares of common stock on March 4, 2026. The shares were granted as restricted stock under the company’s 2025 Omnibus Incentive Plan at a stated price of $0.00 per share.
After this equity grant, Sills directly held 184,480 common shares. Additional shares are reported as indirectly held through trusts: in one trust he is a beneficiary, and in another he serves as trustee for his children and expressly disclaims beneficial ownership. A separate block of 8,206 shares is reported as ESOP shares beneficially owned.
Positive
- None.
Negative
- None.
Insights
CEO receives routine restricted stock grant under long-term incentive plan.
The transaction shows Eric Sills acquiring 6,048 restricted shares of STANDARD MOTOR PRODUCTS common stock under the 2025 Omnibus Incentive Plan at a stated price of $0.00. This is classified as a grant or award, not an open-market purchase.
Following the award, his directly held common stock position increased to 184,480 shares, with additional indirect holdings reported through trusts and ESOP allocations. One trust position is specifically disclaimed as beneficial ownership, which limits how much investors can infer about his personal economic exposure.
Overall, this looks like standard executive equity compensation rather than a discretionary buy or sell decision. Future company filings may provide further detail on vesting conditions or performance criteria tied to this restricted stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,048 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Grant of restricted stock under the Company's 2025 Omnibus Incentive Plan exempt from Section 16(b) pursuant to Rule 16b-3(d). These shares are held in a trust in which the reporting person is a beneficiary. These shares are held in a trust, of which the reporting person is trustee, and in which the reporting person's children are beneficiaries. The reporting person disclaims beneficial ownership of these shares, and the filing of this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.