Standex (NYSE: SXI) hands CSO new option and stock awards
Rhea-AI Filing Summary
STANDEX INTERNATIONAL CORP (SXI) reported several equity-compensation transactions for Chief Strategy Officer Vineet Kshirsagar. On 2026-08-23 he received awards of 220 Phantom Stock Units under a management stock purchase plan, 401 performance-based Phantom Stock Units, 401 Restricted Stock Units, and a stock option for 2,195 shares with a $341.31 exercise price, all tied to the 2018 Omnibus Incentive Plan. On 2026-08-21 prior Phantom Stock Units and RSUs vested, delivering 239, 145, and 161 shares of common stock, while 113 Phantom Stock Units were forfeited to reflect 68% performance achievement. A total of 189 shares of common stock at $310.28 per share were withheld and disposed of to cover tax liabilities on these vestings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 356 shares
Net Buy
15 txns
Insider
Kshirsagar Vineet
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F5 | 220 | -- | -- |
| Grant/Award | Phantom Stock Units F6 | 401 | -- | -- |
| Grant/Award | Restricted Stock Units F7 | 401 | -- | -- |
| Grant/Award | Stock Option F8 | 2,195 | -- | -- |
| Exercise | Phantom Stock Units F1 | 239 | -- | -- |
| Disposition | Phantom Stock Units F4 | 113 | -- | -- |
| Exercise | Restricted Stock Units F3 | 145 | -- | -- |
| Exercise | Restricted Stock Units F3 | 161 | -- | -- |
| Exercise | Common Stock F1 | 239 | -- | -- |
| Tax Withholding | Common Stock F2 | 68 | $310.28 | $21K |
| Tax Withholding | Common Stock F2 | 34 | $310.28 | $11K |
| Exercise | Common Stock F3 | 145 | -- | -- |
| Tax Withholding | Common Stock F2 | 41 | $310.28 | $13K |
| Exercise | Common Stock F3 | 161 | -- | -- |
| Tax Withholding | Common Stock F2 | 46 | $310.28 | $14K |
Holdings After Transaction:
Phantom Stock Units — 621 shares (Direct);
Restricted Stock Units — 869 shares (Direct);
Stock Option — 2,195 shares (Direct);
Common Stock — 5,003 shares (Direct)
Footnotes (8)
- F1. 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 here in the actual number of shares vesting pursuant thereto.
- F2. Shares sold to pay taxes on vesting of previously issued restricted stock and/or performance share units.
- F3. Vesting of Restricted Stock Units pursuant to the Company's 2018 Omnibus Incentive Plan.
- F4. 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.
- F5. 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.
- F6. Award of Performance Share Units pursuant to the 2018 Omnibus Incentive Plan of the Company. These shares cliff vest at the end of a three year performance period with the ultimate number of shares ranging from 0 to 250% of the award based on achievement against Company performance metrics of the three year period.
- F7. Grant of Restricted Stock Units pursuant to the 2018 Omnibus Incentive Plan of the Company which vests one-third per year on each anniversary of the date of the award.
- F8. Premium Priced Stock Option with exercise price 10% above the closing market price on the date of grant. Option vests 25% per year on each anniversary of the date of the award for four years.
Key Figures
Phantom Stock Units granted: 220 units
Performance Share Units awarded: 401 units
Restricted Stock Units granted: 401 units
+5 more
8 metrics
Phantom Stock Units granted
220 units
Contingent purchase on 2026-08-23 vesting three years later in Common Stock
Performance Share Units awarded
401 units
Award on 2026-08-23 with 0–250% payout range after three-year performance period
Restricted Stock Units granted
401 units
Grant on 2026-08-23 vesting one-third per year over three years
Stock option grant size
2,195 shares
Premium Priced Stock Option granted 2026-08-23, vests 25% annually over four years
Stock option exercise price
$341.31 per share
Premium Priced Stock Option with exercise price 10% above closing market price on grant date
Phantom Stock Units vested
239 units
Vesting on 2026-08-21 based on 68% performance achievement under 2018 Omnibus Incentive Plan
Shares withheld for taxes
189 shares at $310.28 per share
Common stock delivered or withheld on 2026-08-21 to pay taxes on vesting
Performance achievement rate
68%
Actual achievement vs. target for certain Phantom Stock awards (0–250% range)
Key Terms
Phantom Stock Units, Restricted Stock Units, Performance Share Units, Premium Priced Stock Option, +1 more
5 terms
Phantom Stock Units financial
"Vesting of Phantom Stock pursuant to the Company's 2018 Omnibus Incentive 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 Incentive Plan."
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.
cliff vest financial
"These shares cliff vest at the end of a three year performance period"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
FAQ
What equity awards did SXI grant to Vineet Kshirsagar on 2026-08-23?
On 2026-08-23, Vineet Kshirsagar received 220 Phantom Stock Units, 401 performance-based Phantom Stock Units, 401 Restricted Stock Units, and a stock option for 2,195 shares of Standex common stock with a $341.31 exercise price, all under the 2018 Omnibus Incentive Plan.
Why were some Phantom Stock Units disposed of in the SXI Form 4?
On 2026-08-21, 113 Phantom Stock Units were disposed of to align the award with actual performance of 68% of target, under the 2018 Omnibus Incentive Plan, which allowed outcomes between 0% and 250% of the original Phantom Stock award.
What are the vesting terms of the new SXI awards reported for Vineet Kshirsagar?
The 220 Phantom Stock Units vest in common stock after three years; the 401 performance share units cliff vest after a three-year performance period with a 0–250% payout range; the 401 RSUs vest one-third annually over three years; the 2,195-share option vests 25% annually over four years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
