STRATTEC SECURITY (STRT) CFO's 1,172 shares vest, 551 withheld for taxes
Rhea-AI Filing Summary
STRATTEC SECURITY CORP (STRT) reported a Form 4 for Matthew Pauli, its SVP & CFO, showing an automatic share withholding related to equity compensation. On 2026-08-22, 551 shares of common stock were withheld to cover tax liability upon vesting of 1,172 shares of restricted stock, an exempt transaction under Rule 16b-3. After this withholding, Pauli directly holds 7,342 shares of STRATTEC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 551 shares
Net Sell
1 txn
Insider
Pauli Matthew
Role
SVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share F1 | 551 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 7,342 shares (Direct)
Footnotes (1)
- F1. Shares withheld for payment of tax liability upon vesting of 1,172 shares of restricted stock; exempt under Rule 16b-3.
Key Figures
Shares withheld for taxes: 551 shares
Restricted stock vested: 1,172 shares
Shares owned after transaction: 7,342 shares
+1 more
4 metrics
Shares withheld for taxes
551 shares
Common stock withheld on 2026-08-22 to pay tax liability (code F)
Restricted stock vested
1,172 shares
Restricted stock vesting that triggered the tax withholding
Shares owned after transaction
7,342 shares
Directly held STRATTEC common stock following the 2026-08-22 transaction
Transaction date
2026-08-22
Date of tax-withholding disposition reported on Form 4
Key Terms
restricted stock, Rule 16b-3, tax liability
3 terms
restricted stock financial
"upon vesting of 1,172 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
"restricted stock; 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 liability financial
"Shares withheld for payment of tax liability upon vesting of 1,172 shares"
FAQ
What insider transaction did STRT report for SVP & CFO Matthew Pauli?
The filing reports that 551 shares of STRATTEC common stock were withheld on 2026-08-22 to pay tax liability upon vesting of 1,172 restricted shares, leaving Pauli with 7,342 shares held directly. The transaction is exempt under Rule 16b-3.
Was the STRT Form 4 transaction a market sale or a tax withholding?
It was a tax withholding transaction. The Form 4 uses code F and states that 551 shares were withheld for payment of tax liability upon vesting of 1,172 restricted shares, and it is described as exempt under Rule 16b-3.
What equity award vested for STRT executive Matthew Pauli in this Form 4?
A restricted stock award of 1,172 shares vested for Matthew Pauli. Of these, 551 shares were withheld to cover tax liability, and the transaction is noted as exempt under Rule 16b-3.
Does the STRT Form 4 mention Rule 16b-3 for this transaction?
Yes. The footnote explains that the 551 shares were withheld for taxes upon vesting of 1,172 restricted shares and states that the transaction is exempt under Rule 16b-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.
