SMP (SMP) CLO Carmine Broccole reports 1,118-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STANDARD MOTOR PRODUCTS, INC. CLO & Secretary Carmine Joseph Broccole reported a Form 4 showing a tax-related share disposition. On March 1, 2026, 1,118 shares of common stock were withheld to cover tax obligations at a reference price of $39.68 per share, based on the February 27, 2026 closing price. After this transaction, he directly owned 81,603 common shares and also beneficially owned 5,481 ESOP shares, where plan allocations or dispositions may change over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Broccole Carmine Joseph
Role
CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,118 | $39.68 | $44K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 81,603 shares (Direct)
Footnotes (1)
- This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(e). Shares were withheld to satisfy tax withholding obligations. The price reported above reflects the closing price of the issuer's Common Stock on February 27, 2026 (the last trading day immediately preceding the shares vesting). ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.
FAQ
What did SMP insider Carmine Joseph Broccole report on this Form 4?
Carmine Joseph Broccole reported a tax-withholding disposition of 1,118 shares of Standard Motor Products common stock. The shares were withheld to cover tax obligations tied to vesting, rather than sold in an open-market transaction, and are exempt under Rule 16b-3(e).
Was the SMP insider transaction a market sale or a tax withholding event?
The Form 4 describes a tax-withholding disposition, not an open-market sale. 1,118 shares were withheld to satisfy tax obligations associated with vesting equity, and the transaction is stated as exempt from Section 16(b) under Rule 16b-3(e).
What role does Carmine Joseph Broccole hold at Standard Motor Products (SMP)?
Carmine Joseph Broccole serves as Chief Legal Officer (CLO) and Secretary at Standard Motor Products. His Form 4 filing reflects personal equity activity in the company’s common stock, including tax-related share withholding and his resulting direct and ESOP beneficial ownership positions.