Standard Motor Products Form 4: vesting and tax-cover sale
Rhea-AI Filing Summary
Standard Motor Products (SMP) reported insider activity by its CEO & President (also a Director). On 11/10/2025, the executive acquired 1,014 common shares at $0 upon vesting of a performance share award. On 11/11/2025, the executive sold 1,531 shares at a weighted average price of $38.26 in a broker‑assisted sale to cover withholding taxes related to the vesting.
Direct holdings were 179,963 shares after the vesting and 178,432 shares after the sale. The filing also lists 258,156 shares held by a trust in which the executive is a beneficiary, 191,094 shares held in a trust for the executive’s children (beneficial ownership disclaimed), and 8,206 ESOP shares.
Positive
- None.
Negative
- None.
Insights
Routine vesting and tax-cover sale; neutral signal.
The activity reflects standard equity award mechanics: shares vested (1,014 at $0) and a broker-assisted sale (1,531 at $38.26) to satisfy withholding taxes tied to the vesting. Such transactions typically do not indicate a view on the company’s prospects.
Post-transaction, direct ownership moved from 179,963 to 178,432 shares, with additional indirect holdings via trusts and ESOP noted. The sale purpose is explicitly tax-related, limiting interpretive significance. Overall impact appears administrative.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,531 | $38.26 | $59K |
| Grant/Award | Common Stock | 1,014 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares granted upon the vesting of a performance share award issued to the reporting person in September 2022 under the Company's Amended and Restated 2016 Omnibus Incentive Plan. This transaction was a broker-assisted sale of shares to cover the payment of withholding tax liability incurred upon the vesting of restricted stock and a performance share award issued to the reporting person in September 2022 under the Company's Amended and Restated 2016 Omnibus Incentive Plan. This transaction was executed in multiple trades at prices ranging from $38.14 to $38.41. 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. 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.
