Strattec (STRT) Insider Grant: CFO Receives Time‑Vesting and EBITDA‑Tied PRSUs

Rhea-AI Filing Summary

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.

Insights

Corporate Governance Expert

TL;DR: Executive received time‑based and performance‑based equity, aligning compensation with multi‑year EBITDA targets.

The filing discloses a standard mix of restricted stock and performance restricted stock units granted to the company's SVP & CFO. The restricted shares vest pro rata over three years, providing time‑based retention incentives; the PRSUs are tied to EBITDA percentage over a three‑year performance period ending July 2, 2028, creating a link between pay and company operating performance. The total award size (3,516 shares of each award type) and resulting direct ownership of 8,707 shares are modest in absolute terms and likely intended for retention and performance alignment rather than a material change in ownership. This disclosure is routine and conforms to typical insider grant reporting requirements.

Compensation Analyst

TL;DR: Mix of time‑vesting and performance awards suggests standard executive pay practices focused on retention and EBITDA performance.

The transaction shows 3,516 restricted shares and 3,516 PRSUs granted on 08/22/2025. Time‑vesting (one‑third annually) supports retention through 2028, while PRSUs linked to EBITDA percentage over a defined three‑year period create a measurable performance hurdle. The awards carry a $0 reported price (standard for grants) and are reported as direct ownership. Given the reported post‑transaction holding of 8,707 shares, the grant is unlikely to be dilutive or materially change governance control, but it is material to executive compensation disclosures and investor transparency.

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

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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^*

Pauli Matthew

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CFO

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		3,516(1)	A	$0	8,707	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		3,516		(2)	09/30/2028	Common Stock, par value $0.01 per share	3,516	$0	3,516	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
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