Strattec (STRT) insider filing: 453 shares disposed for tax withholding
Rhea-AI Filing Summary
Rolando Guillot, identified as SVP & COO of Strattec Security Corp (STRT), reported a transaction dated 08/20/2025 on a Form 4. The filing shows 453 shares of Common Stock were disposed of under transaction code F at a reported price of $0. After the reported disposition, the filing lists 29,337 shares beneficially owned by the reporting person in a direct form. The explanatory note states these shares were withheld to satisfy tax liabilities upon vesting of 1,150 restricted shares, and that the transaction is exempt under Rule 16b-3. The Form 4 was signed via power of attorney on 08/22/2025.
Positive
- Compliance: Form 4 properly filed and signed via power of attorney, demonstrating timely insider disclosure
- Clarity: Explanatory note specifies the disposal was for tax withholding on 1,150 vested restricted shares and cites Rule 16b-3 exemption
Negative
- Reduction in direct holdings: 453 shares were disposed of, lowering the reporting person's direct beneficial ownership to 29,337 shares
Insights
TL;DR: Routine tax-withholding disposition; small reduction in direct holdings, compliant Form 4 filing.
The reported disposal of 453 shares reflects a tax-withholding action tied to the vesting of restricted stock rather than an open-market sale. The filing records a $0 price for the transaction and cites Rule 16b-3 exemption, indicating the company-treated withholding as a non-reportable sale for Section 16 liability purposes. Beneficial ownership remains at 29,337 shares direct, which is a simple mechanical decrease from the vesting event rather than an indicative trading decision.
TL;DR: Disclosure aligns with Section 16 reporting; use of POA and Rule 16b-3 noted.
The Form 4 shows appropriate disclosure practices: the transaction is logged with the correct code (F), an explanatory footnote is provided describing tax withholding on restricted shares, and the signature is executed via power of attorney. These elements suggest procedural compliance with insider reporting obligations. No additional governance issues are identifiable from the filing alone.
FAQ
What transaction did Rolando Guillot (STRT) report on the Form 4?
Why were the 453 shares disposed of according to the filing?
How many shares does the reporting person own after the reported transaction?
When was the Form 4 signed and by whom?
Does the filing indicate an open-market sale?