Standex (NYSE: SXI) CLO forfeits 204 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Standex International chief legal officer Alan J. Glass reported a routine tax-withholding transaction related to vested restricted stock. On the event date, 204 common shares were forfeited at an implied price of $257.70 per share to cover tax liabilities. After this non-market disposition, he directly holds 22,722.945 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GLASS ALAN J
Role
CLO, VP & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 204 | $257.70 | $53K |
Holdings After Transaction:
Common Stock — 22,722.945 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withholding shares forfeited: 204 shares
Implied share value: $257.70 per share
Post-transaction holdings: 22,722.945 shares
3 metrics
Tax-withholding shares forfeited
204 shares
Common Stock forfeited to pay tax liability on restricted stock vesting
Implied share value
$257.70 per share
Value used for the 204-share tax-withholding disposition
Post-transaction holdings
22,722.945 shares
Standex common shares directly owned by Alan J. Glass after transaction
Key Terms
tax-withholding disposition, restricted stock, imputed vesting, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock financial
"imputed vesting of previously issued restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
imputed vesting financial
"tax liability associated with imputed vesting of previously issued restricted stock"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Standex (SXI) CLO Alan Glass report?
Alan J. Glass reported a tax-withholding disposition of 204 Standex common shares. The shares were forfeited to cover taxes owed on vested restricted stock, rather than sold in the open market, making this a routine compensation-related event.
Was the Standex (SXI) Form 4 transaction an open-market sale?
No. The Form 4 shows shares forfeited to pay tax liability tied to restricted stock vesting. This “F” code disposition reflects payment of taxes by delivering shares, not a discretionary open-market sale of Standex stock by Alan J. Glass.
What does transaction code "F" mean in the Standex (SXI) Form 4?
Transaction code "F" represents paying an exercise price or tax liability by delivering securities. In this Standex filing, it indicates that shares were withheld or forfeited to cover taxes due upon the imputed vesting of previously granted restricted stock.