Strattec CFO granted 6,180 stock, RSU awards
STRT’s SVP & CFO received new time-based and performance-based stock awards, increasing his direct equity holdings.
Rhea-AI Filing Summary
STRATTEC SECURITY CORP (symbol: STRT) is the issuer of record for a Form 4 filing submitted to the SEC. Pauli Matthew reported acquisition or exercise transactions in this Form 4 filing.
STRATTEC SECURITY CORP (STRT) reported that its SVP & CFO, Matthew Pauli, received equity awards on September 1, 2026. He was granted 3,090 shares of restricted common stock that vest in three equal installments on September 1, 2027, 2028 and 2029, and 3,090 Performance Restricted Stock Units, each representing a contingent right to one common share based on EBITDA performance over a three-year period ending July 1, 2029, modified by relative total shareholder return. Following these grants, he directly holds 10,432 common shares and 6,606 performance RSUs. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 6,180 shares
Grant/Award
2 txns
Insider
Pauli Matthew
Role
SVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units F2 | 3,090 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.01 per share F1 | 3,090 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Restricted Stock Units — 6,606 contracts (Direct);
Common Stock, par value $0.01 per share — 10,432 shares (Direct)
Footnotes (2)
- F1. 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 September 1, 2027, September 1, 2028 and September 1, 2029).
- F2. Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock based upon the Issuer's EBITDA percentage over a three-year performance period ending July 1, 2029, subject to a modifier based on relative total shareholder return.
Key Figures
Restricted stock granted: 3,090 shares
Performance RSUs granted: 3,090 units
Common shares held after grant: 10,432 shares
+3 more
6 metrics
Restricted stock granted
3,090 shares
Time-based restricted common shares granted September 1, 2026
Performance RSUs granted
3,090 units
Performance Restricted Stock Units granted September 1, 2026
Common shares held after grant
10,432 shares
Direct STRT common stock ownership following the awards
Performance RSUs held after grant
6,606 units
Direct Performance Restricted Stock Unit holdings after the grant
Restricted stock vesting schedule
3 equal installments
Vests on September 1, 2027, 2028, and 2029
Performance period length
3 years
EBITDA-based performance period ending July 1, 2029 for performance RSUs
Key Terms
Performance Restricted Stock Units, restricted stock, EBITDA percentage, relative total shareholder return
4 terms
Performance Restricted Stock Units financial
"Each performance stock unit represents a contingent right to receive one share"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
restricted stock financial
"Grant of shares of restricted stock which vest pro rata over three years"
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.
EBITDA percentage financial
"based upon the Issuer's EBITDA percentage over a three-year performance period"
FAQ
What equity awards did STRT grant to its SVP & CFO Matthew Pauli on this Form 4?
Matthew Pauli received 3,090 restricted common shares and 3,090 Performance Restricted Stock Units on September 1, 2026, as reported for STRATTEC SECURITY CORP (STRT).
How do the new restricted stock awards for STRT’s CFO vest?
The 3,090 restricted shares vest pro rata over three years, with one-third vesting on each of September 1, 2027, September 1, 2028, and September 1, 2029.
What performance conditions apply to the STRT Performance Restricted Stock Units granted?
Each of the 3,090 Performance Restricted Stock Units is a contingent right to one STRT common share, based on the company’s EBITDA percentage over a three-year period ending July 1, 2029, with a modifier tied to relative total shareholder return.
How many Performance Restricted Stock Units in STRT does the CFO hold after the grants?
Following the September 1, 2026 grants, Matthew Pauli directly holds 6,606 Performance Restricted Stock Units tied to STRT common stock.
Were the STRT insider transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these equity awards to STRT’s SVP & CFO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
