Strattec Security (STRT) Form 4: Routine Tax Withholding by CEO

Rhea-AI Filing Summary

Form 4 filing for Strattec Security Corp (STRT) reports an insider transaction by President & CEO Jennifer Lynn Slater.

• Transaction date: 07/01/2025
• Transaction code F: 5,931 common shares were withheld to satisfy tax obligations arising from the vesting of 12,618 restricted shares, as permitted under Rule 16b-3.
• Price: recorded as $0 because the shares were not sold on the open market.
• Post-transaction ownership: Slater directly holds 48,801 common shares.
• Position: Director; President & CEO.

The filing indicates a routine, tax-related share disposition rather than an open-market sale, leaving the executive with a meaningful equity stake.

Positive

• Executive retains 48,801 shares, demonstrating continued equity alignment with shareholders.

Negative

• 5,931 shares were relinquished (albeit for tax withholding), slightly reducing insider ownership.

Insights

Corporate Governance Expert

TL;DR: Routine tax withholding; no strategic signal for investors.

The Code F transaction merely reflects automatic share withholding to cover taxes on vested restricted stock, exempt under Rule 16b-3. Such activity is generally neutral because it does not represent an elective buy or sell decision. Importantly, after the withholding, the CEO still controls 48,801 shares, maintaining significant alignment with shareholders. No governance red flags or material changes in insider ownership structure arise from this filing.

Portfolio Manager

TL;DR: Non-market disposal; immaterial for valuation.

Because the shares were withheld rather than sold, the transaction generates no market liquidity and carries no informational content about management’s view of valuation. The scale—5,931 shares versus roughly 49k remaining—does not materially alter insider exposure. I classify the event as neutral for portfolio decisions and would not adjust position sizing on STRT based on this disclosure.

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
Estimated average burden
hours per response:			0.5

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)
07/01/2024

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	07/01/2025		F		5,931(1)	D	$0	48,801	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 12,618 shares of restricted stock; exempt under Rule 16b-3.

	/s/ J. Bret Treier, via Power of Attorney	07/03/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did STRATTEC Security's Form 4 filed on 07/03/2025 disclose?

It showed President & CEO Jennifer Lynn Slater had 5,931 shares withheld to pay taxes on vested restricted stock.

Was the insider sale an open-market transaction?

No. The Code F designation indicates shares were withheld, not sold, for tax purposes.

How many STRT shares does Jennifer Lynn Slater now own?

After the transaction, she directly owns 48,801 common shares.

Does the filing signal bullish or bearish sentiment by management?

The filing is generally neutral; it reflects a routine tax obligation rather than a discretionary trade.

Is the transaction exempt under Rule 16b-3?

Yes. The shares were withheld upon vesting of restricted stock, qualifying for Rule 16b-3 exemption.