SXI insider files Form 144 to sell 2,992 common shares valued at $606,102
Rhea-AI Filing Summary
Form 144 notice for Standex International Corporation (SXI) reports a proposed sale of 2,992 common shares through Fidelity Brokerage Services with an aggregate market value of $606,101.92. The filing lists 12,068,262 common shares outstanding and indicates the approximate date of sale as 08/18/2025 on the NYSE. The shares to be sold were acquired through restricted stock vesting: 1,171 shares on 09/06/2022, 1,035 shares on 10/25/2021 and 786 shares on 09/06/2021, each received as compensation. The filer reports no securities sold in the past three months and includes the standard representation about absence of undisclosed material information.
Positive
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Negative
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Insights
TL;DR: Routine officer/insider proposed sale of vested restricted shares totaling 2,992 shares, reported under Rule 144.
The filing documents a planned disposition of 2,992 common shares valued at $606,101.92 through Fidelity on the NYSE, with acquisition via restricted stock vesting over 2021–2022 and no reported sales in the prior three months. This is a procedural Rule 144 disclosure required for resale of restricted or control securities; it does not itself reveal company operational performance or new material events. Investors should note timing and size relative to outstanding shares, but the filing contains no financial results or forward-looking statements.
TL;DR: Compliance-focused disclosure showing insider compliance with resale rules; no governance red flags in the notice.
The notice reflects standard compliance with Rule 144 reporting for shares obtained as compensation via restricted stock vesting. Acquisition dates and payment nature (compensation) are clearly disclosed, and the signer represents no undisclosed material information. There are no indications of unusual transfer mechanisms, insider trading plan references, or clustered recent sales ("Nothing to Report" for past three months). As a governance disclosure, it is routine and informational.