STRATTEC (STRT) Amended Form 4: Vesting, Withheld Taxes, Ownership Correction

Rhea-AI Filing Summary

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.

Positive

• Amendment filed to correct ownership amounts, improving disclosure accuracy
• Restricted stock vesting schedule disclosed (one-third each August 22, 2026–2028), clarifying future insider holdings
• Tax-withholding on vesting documented (950 shares withheld), showing administrative handling of compensation

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider restricted stock vesting and tax-withholding disposals; amendment corrects reported ownership counts, no change to underlying transactions.

The Form 4/A shows a common pattern: restricted stock grant recognition (804 shares) with a standard three-year pro rata vesting schedule and tax-withholding where 950 shares were withheld. Two small disposals (320 shares each on consecutive dates) are recorded as dispositions, and the amendment corrects the beneficiary counts reported previously without altering transaction substance. For investors, these are disclosure and reporting adjustments rather than operational or financial developments affecting company performance.

Corporate Governance Expert

TL;DR: Amendment improves accuracy of insider holdings disclosure; transactions appear to be administrative (vesting/tax-withholding) rather than opportunistic trading.

The filing was amended solely to correct amounts in Column 5 of the original Form 4; the explanation explicitly states the correction has no effect on the transactions. The use of Rule 16b-3 exemption for tax-withholding indicates the company followed standard processes for equity compensation. The signature via power of attorney is properly executed. No material governance issues are disclosed in this amendment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Messina Richard P

(Last) (First) (Middle)

C/O STRATTEC SECURITY CORPORATION

3333 WEST GOOD HOPE ROAD

(Street)

MILWAUKEE WI 53209

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STRATTEC SECURITY CORP [ STRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Chief Technical Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/26/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	08/22/2025		F		320(1)	D	$0	14,140(2)	D
Common Stock, par value $0.01 per share	08/23/2025		F		320(1)	D	$0	13,820(2)	D
Common Stock, par value $0.01 per share	08/22/2025		A		804(3)	A	$0	14,624(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld for payment of tax liability upon vesting of 950 shares of restricted stock; exempt under Rule 16b-3.

2. This Form 4/A is being filed solely to correct the amounts of securities beneficially owned by the Reporting Person that were reported in Column 5 of Table I of the Form 4 filed on August 26, 2025. This correction has no effect on the transaction(s) previously reported.

3. Shares of restricted stock which vest pro rata over a three year period on the anniversary of the date of grant (i.e., one-third vest on each of August 22, 2026, August 22, 2027, and August 22, 2028).

	/s/ J. Bret Treier, via Power of Attorney	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transactions did Richard P. Messina report on the Form 4/A for STRT?

The Form 4/A reports dispositions of 320 shares on 08/22/2025 and 320 shares on 08/23/2025, and an acquisition of 804 restricted shares on 08/22/2025.

Why was an amendment (Form 4/A) filed for STRT insider activity?

The amendment corrects the amounts of securities beneficially owned reported in Column 5 of the original Form 4 filed on August 26, 2025; the filing states the correction does not change the previously reported transactions.

How were tax liabilities handled for the restricted stock grant?

The filing states 950 shares were withheld to pay tax liabilities upon vesting, and this withholding is exempt under Rule 16b-3.

What is the vesting schedule for the restricted stock reported?

The restricted stock vests pro rata over three years with one-third vesting on each of August 22, 2026, 2027, and 2028.

Who signed the Form 4/A and when?

The Form 4/A was signed by J. Bret Treier via Power of Attorney on 09/16/2025.