Strattec Insider: CEO Receives Restricted Stock and EBITDA-Linked PRSUs

Rhea-AI Filing Summary

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.

Positive

• Management-share alignment: CEO received restricted stock and PRSUs, tying compensation to long-term performance
• Retention and performance mix: Grants combine time-based vesting with EBITDA-linked performance units through 07/02/2028

Negative

• None.

Insights

Corporate Governance Expert

Insider equity awards align management with shareholders but require scrutiny of performance metrics and vesting.

The filing discloses time-based restricted stock vesting over three years and performance-restricted units contingent on EBITDA through 07/02/2028. This structure combines retention incentives with a performance gate, which can be effective if EBITDA targets are rigorous and transparent. Investors should note the award timing and the mix of one-third annual vesting with multi-year performance conditions when assessing governance and executive incentives.

Compensation Analyst

The grants increase the CEO's stake and tie a portion of pay to multi-year EBITDA performance.

The CEO received 10,170 restricted shares vesting pro rata over three years and 10,170 PRSUs tied to a three-year EBITDA percentage metric ending 07/02/2028. Reporting shows these awards at $0 price for SEC disclosure. From a pay-for-performance perspective, the PRSU component is material to future equity issuance and realized compensation only if performance thresholds are met.

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

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Slater Jennifer Lynn

(Last) (First) (Middle)

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

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

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

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		A		10,170(1)	A	$0	64,902	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
Performance Restricted Stock Units	(2)	08/22/2025		A		10,170		(2)	09/30/2028	Common Stock, par value $0.01 per share	10,170	$0	27,048	D

Explanation of Responses:

1. Grant of shares of restricted stock which vest pro rata over three years on each anniversary of the grant date (i.e., one-third vest on each of August 22, 2026, August 22, 2027, and August 22, 2028).

2. Performance restricted stock units representing contingent rights to receive shares of the Issuer's Common Stock based upon the Issuer's EBITDA percentage over a three-year performance period ending July 2, 2028.

	/s/ J. Bret Treier, via Power of Attorney	08/26/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did STRT CEO Jennifer Lynn Slater receive on 08/22/2025?

She was granted 10,170 restricted shares vesting pro rata over three years and 10,170 performance restricted stock units (PRSUs) tied to EBITDA performance.

When do the restricted shares vest for Jennifer Lynn Slater?

The restricted shares vest one-third on each anniversary of the grant: 08/22/2026, 08/22/2027, and 08/22/2028.

What performance period applies to the PRSUs in the STRT Form 4?

The PRSUs are contingent on the issuer's EBITDA percentage over a three-year performance period ending 07/02/2028.

How many shares does Jennifer Lynn Slater beneficially own after the reported transactions?

The Form 4 reports she beneficially owns 64,902 common shares and 27,048 performance-related shares/units listed as beneficially owned.