Strattec grants CEO 9,296 shares, 9,296 units
President & CEO Jennifer Lynn Slater received time-based and performance-based equity awards, increasing her direct ownership in STRATTEC SECURITY CORP.
Rhea-AI Filing Summary
STRATTEC SECURITY CORP (symbol: STRT) is the issuer of record for a Form 4 filing submitted to the SEC. Slater Jennifer Lynn reported acquisition or exercise transactions in this Form 4 filing.
STRATTEC SECURITY CORP (STRT) reported that President & CEO Jennifer Lynn Slater received equity compensation awards on September 1, 2026. She was granted 9,296 shares of restricted common stock that vest in three equal annual installments starting September 1, 2027, and 9,296 performance restricted stock units, each representing a contingent right to one share of common stock based on EBITDA percentage over a three-year performance period ending July 1, 2029, with a modifier tied to relative total shareholder return. Following these awards, she holds 59,695 shares of common stock and 36,344 performance restricted stock units directly. No Rule 10b5-1 trading plan is reported.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units F2 | 9,296 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.01 per share F1 | 9,296 | $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
FAQ
What equity awards did STRATTEC SECURITY CORP (STRT) grant to its CEO on this Form 4?
How do the new restricted stock awards for STRT’s CEO vest?
What performance conditions apply to the STRT performance restricted stock units?
How many performance restricted stock units in STRT does the CEO hold after the grant?
Were the STRT Form 4 transactions made under a Rule 10b5-1 trading plan?
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