Standard Motor (NYSE: SMP) CLO granted stock; shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STANDARD MOTOR PRODUCTS, INC. chief legal officer and secretary Carmine Joseph Broccole reported equity-based compensation and related tax withholding in company stock. On February 24, 2026, he received a grant of 3,011 shares of common stock under the 2025 Omnibus Incentive Plan at no purchase price.
To cover tax obligations on this award, 3,657 shares of common stock were disposed of through share withholding at a reported price of $44.19 per share, rather than through an open-market sale. After these transactions, he directly owned 82,721 common shares and also beneficially owned 5,481 ESOP shares as reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Broccole Carmine Joseph
Role
CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,011 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,657 | $44.19 | $162K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 86,378 shares (Direct)
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). 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 24, 2026. ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.
FAQ
What insider stock transactions did SMP officer Carmine Joseph Broccole report?
Carmine Joseph Broccole reported a stock grant and related tax withholding. He received 3,011 shares of Standard Motor Products common stock, then had 3,657 shares withheld at $44.19 per share to satisfy tax obligations tied to this equity award.
What plan governed Carmine Broccole’s Standard Motor Products stock grant?
The 3,011-share grant was issued under Standard Motor Products’ 2025 Omnibus Incentive Plan. The filing notes the award is exempt from Section 16(b) under Rule 16b-3(d), reflecting standard treatment for board-approved equity compensation to company officers.