Strattec awards 1,721 shares, 1,721 units to VP
STRATTEC SECURITY CORP (symbol: STRT) is the issuer of record for a Form 4 filing submitted to the SEC.
Rhea-AI Filing Summary
STRATTEC SECURITY CORP (symbol: STRT) is the issuer of record for a Form 4 filing submitted to the SEC. Denis James reported acquisition or exercise transactions in this Form 4 filing.
STRATTEC SECURITY CORP (STRT) reported that officer Denis James, VP, General Counsel and Secretary, received equity awards on September 1, 2026. He was granted 1,721 shares of restricted common stock that vest in three equal annual installments on September 1, 2027, 2028 and 2029, and 1,721 Performance Restricted Stock Units, each representing a contingent right to receive one share of common stock. The performance units depend on the company’s EBITDA percentage over a three-year period ending July 1, 2029, subject to a modifier based on relative total shareholder return, and expire on September 29, 2029. Following these awards, James holds 1,721 shares of common stock and 1,721 performance units directly.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units F2 | 1,721 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.01 per share F1 | 1,721 | $0.00 | $0.00 |
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
Key Terms
Performance Restricted Stock Units financial
EBITDA percentage financial
restricted stock financial
FAQ
What equity awards did STRT grant to officer Denis James on September 1, 2026?
How do the restricted stock awards for STRT’s Denis James vest?
What performance conditions apply to Denis James’s STRT Performance Restricted Stock Units?
When do the Performance Restricted Stock Units granted to STRT’s Denis James expire?
Does Denis James’s Form 4 for STRT involve any stock sales?
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