Strattec (STRT) insider has shares withheld to cover taxes on vesting
Rhea-AI Filing Summary
STRATTEC SECURITY CORP (STRT) reported an insider equity transaction by President & CEO Jennifer Lynn Slater. On 2026-08-22, 1,594 shares of common stock were withheld to pay tax liability upon the vesting of 3,390 shares of restricted stock, an exempt transaction under Rule 16b-3. Following this withholding, Slater directly owned 50,399 shares of STRATTEC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,594 shares
Net Sell
1 txn
Insider
Slater Jennifer Lynn
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share F1 | 1,594 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 50,399 shares (Direct)
Footnotes (1)
- F1. Shares withheld for payment of tax liability upon vesting of 3,390 shares of restricted stock; exempt under Rule 16b-3.
Key Figures
Shares withheld for taxes: 1,594 shares
Restricted stock vested: 3,390 shares
Shares owned after transaction: 50,399 shares
3 metrics
Shares withheld for taxes
1,594 shares
Shares withheld on 2026-08-22 to pay tax liability on vesting
Restricted stock vested
3,390 shares
Restricted stock vesting that triggered the tax withholding
Shares owned after transaction
50,399 shares
Direct beneficial ownership of Jennifer Lynn Slater after Form 4 event
Key Terms
restricted stock, Rule 16b-3, tax liability
3 terms
restricted stock financial
"upon vesting of 3,390 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"
FAQ
What insider transaction did STRT report for Jennifer Lynn Slater on August 22, 2026?
On 2026-08-22, STRT reported that Jennifer Lynn Slater had 1,594 shares of common stock withheld to satisfy tax liability upon vesting of restricted stock. This was reported as a code F transaction, exempt under Rule 16b-3.
Was the STRT insider transaction a market sale or a tax withholding event?
The STRT insider transaction was a tax withholding event, not an open-market sale. The Form 4 describes it as shares withheld for payment of tax liability upon vesting of restricted stock, coded as F.
Is the STRT Form 4 transaction by Jennifer Lynn Slater exempt under Rule 16b-3?
Yes. The footnote explains that the shares were withheld for tax payment upon restricted stock vesting and are exempt under Rule 16b-3, which covers certain insider transactions under equity compensation plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.