Standex (NYSE: SXI) CLO equity vests at 68% of target
Rhea-AI Filing Summary
STANDEX INTERNATIONAL CORP (SXI) reported equity-compensation activity for Alan J. Glass, its CLO, VP & Secretary. On August 21, 2026, various Phantom Stock Units and Restricted Stock Units vested under the Management Stock Purchase Plan and the 2018 Omnibus Incentive Plan and were converted into Common Stock, with some Phantom Stock Units returned to the company to reflect 68% performance achievement. Common shares were withheld at $310.28 per share to pay taxes on vesting of previously issued equity awards. On August 23, 2026, Glass also acquired 524 Phantom Stock Units in a contingent purchase that will vest three years after the purchase date in the form of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,391 shares
Net Buy
14 txns
Insider
GLASS ALAN J
Role
CLO, VP & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F6 | 524 | -- | -- |
| Exercise | Phantom Stock Units F1 | 912 | -- | -- |
| Exercise | Phantom Stock Units F3 | 863 | -- | -- |
| Disposition | Phantom Stock Units F5 | 407 | -- | -- |
| Exercise | Restricted Stock Units F4 | 395 | -- | -- |
| Exercise | Restricted Stock Units F4 | 342 | -- | -- |
| Exercise | Common Stock F1 | 912 | -- | -- |
| Tax Withholding | Common Stock F2 | 393 | $310.28 | $122K |
| Exercise | Common Stock F3 | 863 | -- | -- |
| Tax Withholding | Common Stock F2 | 392 | $310.28 | $122K |
| Exercise | Common Stock F4 | 395 | -- | -- |
| Tax Withholding | Common Stock F2 | 180 | $310.28 | $56K |
| Exercise | Common Stock F4 | 342 | -- | -- |
| Tax Withholding | Common Stock F2 | 156 | $310.28 | $48K |
Holdings After Transaction:
Phantom Stock Units — 524 shares (Direct);
Restricted Stock Units — 1,081 shares (Direct);
Common Stock — 24,113.945 shares (Direct)
Footnotes (6)
- F1. Vesting of Phantom Stock pursuant to Company's Management Stock Purchase Plan.
- F2. Shares sold to pay taxes on vesting of previously issued restricted stock and/or performance share units.
- F3. Vesting of Phantom Stock pursuant to the Company's 2018 Omnibus Incentive Plan. Actual achievement, which could have ranged from 0% to 250% of the award, was 68%. The transaction reported herein is the actual number of shares vesting pursuant thereto.
- F4. Vesting of Restricted Stock Units pursuant to the Company's 2018 Omnibus Incentive Plan.
- F5. Vesting of Phantom Stock pursuant to the Company's 2018 Omnibus Incentive Plan. Actual achievement, which could have ranged from 0% to 250% of the award, was 68%. Phantom Stock Units were granted at 100% achievement, so this transaction reflects the disposition of shares to accurately reflect the vesting.
- F6. Contingent Purchase of Phantom Stock of the Company pursuant to the Management Stock Purchase Plan component of the 2018 Omnibus Incentive Plan vesting three years after the date of purchase in the form of Common Stock.
Key Figures
Phantom Stock Units vested (Management Stock Purchase Plan): 912 Phantom Stock Units
Exercise price of Phantom Stock Units: $106.10 per unit
Performance achievement on Phantom Stock award: 68%
+3 more
6 metrics
Phantom Stock Units vested (Management Stock Purchase Plan)
912 Phantom Stock Units
Vested on August 21, 2026 and converted into 912 shares of Common Stock pursuant to the Management Stock Purchase Plan
Exercise price of Phantom Stock Units
$106.10 per unit
Conversion price for 912 Phantom Stock Units exercised on August 21, 2026
Performance achievement on Phantom Stock award
68%
Actual achievement level for performance-based Phantom Stock under the 2018 Omnibus Incentive Plan
Contingent Phantom Stock Units purchased
524 Phantom Stock Units
Contingent purchase on August 23, 2026 vesting three years later in the form of Common Stock
Shares withheld for tax liabilities (example block)
393 shares
Common Stock withheld on August 21, 2026 to pay taxes on vesting of equity awards
Tax withholding share price
$310.28 per share
Per-share price used for Common Stock withheld to pay tax liabilities on August 21, 2026
Key Terms
Phantom Stock Units, Restricted Stock Units, 2018 Omnibus Incentive Plan, Management Stock Purchase Plan, +1 more
5 terms
Phantom Stock Units financial
"Vesting of Phantom Stock pursuant to Company's Management Stock Purchase Plan."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Restricted Stock Units financial
"Vesting of Restricted Stock Units pursuant to the Company's 2018 Omnibus"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2018 Omnibus Incentive Plan financial
"pursuant to the Company's 2018 Omnibus Incentive Plan. Actual achievement"
Management Stock Purchase Plan financial
"pursuant to the Management Stock Purchase Plan component of the 2018"
Contingent Purchase financial
"Contingent Purchase of Phantom Stock of the Company pursuant to the"
FAQ
What insider equity transactions did SXI report for Alan J. Glass on August 21, 2026?
SXI reported that Alan J. Glass had Phantom Stock Units and Restricted Stock Units vest and convert into Common Stock on August 21, 2026 under the Management Stock Purchase Plan and the 2018 Omnibus Incentive Plan, with some Phantom Stock Units returned to match a 68% performance outcome.
How many Phantom Stock Units did Alan J. Glass exercise at SXI under the Management Stock Purchase Plan?
Alan J. Glass exercised 912 Phantom Stock Units on August 21, 2026, under the Management Stock Purchase Plan, converting them into 912 shares of Standex International Corp Common Stock at a conversion price of $106.10 per unit.
What performance level was achieved for SXI Phantom Stock awards under the 2018 Omnibus Incentive Plan?
For Phantom Stock awards under SXI’s 2018 Omnibus Incentive Plan, the company reports that actual achievement was 68% of target, compared with a possible range of 0% to 250%, and the vested shares and related disposition of units were adjusted to reflect that level.
What new contingent Phantom Stock Units did Alan J. Glass acquire at SXI on August 23, 2026?
On August 23, 2026, Alan J. Glass acquired 524 Phantom Stock Units of Standex International Corp in a contingent purchase under the Management Stock Purchase Plan component of the 2018 Omnibus Incentive Plan, which will vest three years after the purchase in the form of Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
