David A. Dunbar plans sale of 13,000 Standex shares
STANDEX INTERNATIONAL CORP (SXI) received a Form 144 notice indicating a planned sale of 13,000 shares of common stock for the account of David A. Dunbar.
Rhea-AI Filing Summary
STANDEX INTERNATIONAL CORP (SXI) received a Form 144 notice indicating a planned sale of 13,000 shares of common stock for the account of David A. Dunbar. The shares relate to RSU vestings of 6,469 shares on August 23, 2024 and 6,531 shares on September 6, 2023, and are being sold under The Joana H. Dunbar Irrevocable Trust of 2024, with UBS Financial Services Inc. acting as the broker and attorney-in-fact.
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Key Figures
Planned common shares to be sold: 13,000 shares
RSU vesting shares on August 23, 2024: 6,469 shares
RSU vesting shares on September 6, 2023: 6,531 shares
3 metrics
Planned common shares to be sold
13,000 shares
Common stock covered by this Form 144 notice for Standex International Corp.
RSU vesting shares on August 23, 2024
6,469 shares
Common shares from RSU vesting referenced as part of the securities to be sold
RSU vesting shares on September 6, 2023
6,531 shares
Common shares from RSU vesting referenced as part of the securities to be sold
Key Terms
Form 144, Rule 144, RSU Vest, Irrevocable Trust, +1 more
5 terms
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
RSU Vest financial
"Common | 08/23/2024 | RSU Vest | Issuer"
Irrevocable Trust financial
"The shares covered under this filing are being sold under The Joana H. Dunbar Irrevocable Trust of 2024."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
attorney-in-fact regulatory
"Signature | /s/ UBS Financial Services Inc, as attorney-in-fact for David Dunbar"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What RSU vesting events are referenced in the SXI Form 144?
The Form 144 references two RSU vesting events: 6,469 common shares from RSU vesting on August 23, 2024 and 6,531 common shares from RSU vesting on September 6, 2023. These vestings together correspond to the 13,000 shares covered.
Which broker is involved in the SXI Form 144 transaction?
The broker listed is UBS Financial Services Inc. at Eleven Madison Avenue, New York. UBS also signs the notice as attorney-in-fact for David Dunbar, indicating it is authorized to act on his behalf for these sales.
What is the trust mentioned in the SXI Form 144 filing?
The filing states that the shares covered are being sold under The Joana H. Dunbar Irrevocable Trust of 2024. This indicates the securities are held or managed through that irrevocable trust in connection with the reported sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.