[Form 4] STRATTEC SECURITY CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STRATTEC SECURITY CORP President & CEO Jennifer Lynn Slater reported a routine tax-related share disposition. On July 1, 2026, 5,931 shares of common stock were withheld to pay tax liability triggered by the vesting of 12,618 restricted stock shares, as noted in the footnote.
These shares were withheld for taxes rather than sold in the open market. After this withholding, Slater directly owned 51,993 shares of STRATTEC SECURITY CORP common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Slater Jennifer Lynn
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 5,931 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 51,993 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 5,931 shares
Restricted stock vested: 12,618 shares
Shares owned after transaction: 51,993 shares
3 metrics
Shares withheld for taxes
5,931 shares
Tax-withholding disposition on July 1, 2026
Restricted stock vested
12,618 shares
Shares of restricted stock vesting noted in footnote
Shares owned after transaction
51,993 shares
Direct ownership following tax withholding
Key Terms
restricted stock, Rule 16b-3, tax-withholding disposition
3 terms
restricted stock financial
"upon vesting of 12,618 shares of restricted stock; exempt under Rule 16b-3"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Rule 16b-3 regulatory
"exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.