Strattec Sec SEC Filings

Richard P. Messina, Vice President and Chief Technical Officer of STRATTEC SECURITY CORP (STRT), filed an amended Form 4 reporting corrections to prior insider ownership amounts and recent restricted stock activity. The amendment clarifies that 320 shares were disposed on 08/22/2025 and another 320 shares were disposed on 08/23/2025, and that 804 restricted shares were reported as acquired on 08/22/2025. The filing notes 950 shares were withheld to satisfy tax liabilities upon vesting, and the restricted stock vests pro rata over three years with one-third vesting each August 22 in 2026, 2027 and 2028. The amendment corrects the previously reported beneficial ownership amounts and states the correction does not affect the underlying transactions.

Strattec Security Corp (STRT) insider sale disclosed. Senior Vice President & COO Rolando Guillot reported a sale of 22,890 shares of Common Stock on 08/28/2025 at a weighted average price of $65.863 per share, executed through a broker-dealer at prices ranging from $65.01 to $66.80. After the sale, the reporting person beneficially owned 5,541 shares. The Form 4 was signed via power of attorney on 09/02/2025. The filing includes an explanation that detailed per-trade prices are available on request.

Form 144 notice filed for Strattec Security Corp (STRT) reports a proposed sale of 22,890 common shares through J.P. Morgan Securities LLC with an aggregate market value of 1,513,945. The filing states there are 4,161,334 shares outstanding and lists an approximate sale date of 08/28/2025 on NASDAQ.

The securities to be sold were awarded to the filer in multiple stock awards between 11/15/2018 and 08/23/2023 totaling the shares reported, and no sales by the filer are reported in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Strattec Security Corp (STRT) insider Rolando Guillot, SVP & COO, reported two non‑derivative disposals of common stock tied to tax withholding after restricted stock vesting. The Form 4 shows dispositions coded as F with notation 453(1), reflecting shares withheld for taxes: 453 shares disposed on 08/22/2025 leaving 28,884 shares beneficially owned, and 453 shares disposed on 08/23/2025 leaving 28,431 shares. The transactions were recorded at $0, consistent with tax‑withholding treatment, and the filer notes the withholding related to 1,150 restricted shares vested and exempt under Rule 16b‑3.

Richard P. Messina, VP & Chief Technical Officer of Strattec Security Corp (STRT), reported Section 16 transactions on Form 4 showing both dispositions and an award on August 22–23, 2025. The filing shows two dispositions of common stock (320 shares on 08/22/2025 and 320 shares on 08/23/2025) reported as F transactions and a separate acquisition of 804 performance restricted stock units on 08/22/2025. After the reported transactions Messina beneficially owned 13,994, then 13,510, then 13,190 shares per the lines in the filing. Explanations state 950 shares were withheld for tax liability upon vesting of restricted stock, restricted shares vest pro rata over three years, and the 804 performance RSUs are contingent on EBITDA over a three-year performance period ending July 2, 2028.

Strattec Security Corp (STRT) reported an insider equity award by Becker-Varto Chey, SVP & Chief Commercial Officer. On 08/22/2025 Ms. Chey was granted 1,704 shares of restricted stock that vest pro rata over three years (one-third each on 08/22/2026, 08/22/2027 and 08/22/2028). In addition, she received 1,704 performance restricted stock units tied to the issuer's EBITDA percentage for a three-year performance period ending 07/02/2028; those PRSUs represent contingent rights to receive common stock if performance conditions are met. Following the reported transactions, Ms. Chey beneficially owns 1,704 shares directly. The Form 4 was signed via power of attorney on 08/26/2025.

Strattec Security Corp (STRT) reporting person Matthew Pauli, SVP & CFO, was granted equity awards on 08/22/2025. He received 3,516 shares of restricted common stock that vest one-third on each anniversary of the grant (08/22/2026, 08/22/2027 and 08/22/2028). He also received 3,516 performance restricted stock units (PRSUs) that are contingent rights to receive common shares based on the issuer's EBITDA percentage over a three-year performance period ending 07/02/2028. Following the reported transactions, Mr. Pauli directly beneficially owns 8,707 shares of common stock. The Form 4 was signed via power of attorney on 08/26/2025.

Strattec Security Corp (STRT) reported an insider equity award to its President & CEO and director, Jennifer Lynn Slater. On 08/22/2025 she was granted 10,170 shares of restricted common stock that vest one-third annually beginning 08/22/2026 and 10,170 performance restricted stock units (PRSUs) tied to EBITDA performance over a three-year period ending 07/02/2028. After these grants she beneficially owns 64,902 shares of common stock and 27,048 performance-related shares/units noted as beneficially owned. The restricted stock and PRSUs were reported with a $0 per-share price for disclosure purposes.

Strattec Security Corp. discloses risks tied to the automotive cycle, inflation, supply chain and labor pressures, potential tariff and trade policy changes, semiconductor shortages, cybersecurity interruptions, and customer warranty or recall actions that could harm operations and financial condition. The filing notes 7,635,883 issued shares at June 29, 2025 (7,586,920 at June 30, 2024).

The company has a $20 million secured revolving credit facility (guaranteed by Strattec) with BMO Harris Bank N.A., with availability reduced to $18 million on August 1, 2025 and both facilities expiring August 1, 2026, secured by U.S. cash, receivables, inventory and fixed assets. A supplemental executive retirement plan obligation was $1.6 million at June 29, 2025, and the company holds assets in a Rabbi Trust valued at $1.6 million related to that obligation. Management concluded its internal control over financial reporting was effective as of June 29, 2025, and Deloitte & Touche LLP issued an attestation report.