SMP CLO reports tax-withheld 1,118-share disposition
STANDARD MOTOR PRODUCTS, INC.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,118 | $39.68 | $44K |
| Holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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).
- F2. ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.
FAQ
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What did SMP insider Carmine Joseph Broccole report on this Form 4?
Was the SMP insider transaction a market sale or a tax withholding event?
What role does Carmine Joseph Broccole hold at Standard Motor Products (SMP)?
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