Standex (SXI) VP & Chief Accounting Officer receives 603 RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rangel Danielle reported acquisition or exercise transactions in this Form 4 filing.
Standex International reported that VP & Chief Accounting Officer Danielle Rangel received a grant of 603 Restricted Stock Units tied to common stock. The award was granted at no cost and will vest in three equal installments on May 15, 2027, May 15, 2028, and May 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rangel Danielle
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 603 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 603 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 603 units
Grant price: $0.0000 per unit
Holdings after grant: 603 RSUs
+3 more
6 metrics
RSUs granted
603 units
Restricted Stock Units awarded to VP & Chief Accounting Officer
Grant price
$0.0000 per unit
Equity compensation, no cash paid by insider
Holdings after grant
603 RSUs
Total derivative securities following the transaction
Vesting date 1
May 15, 2027
First one-third of RSUs vest
Vesting date 2
May 15, 2028
Second one-third of RSUs vest
Vesting date 3
May 15, 2029
Final one-third of RSUs vest
Key Terms
Restricted Stock Units, 2018 Omnibus Incentive Plan, vesting
3 terms
Restricted Stock Units financial
"Grant of Restricted Stock units pursuant to the 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.
2018 Omnibus Incentive Plan financial
"Grant of Restricted Stock units pursuant to the 2018 Omnibus Incentive Plan of the Company"
vesting financial
"which vests one-third on May 15, 2027, one-third on May 15, 2028, and one-third on May 15, 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Standex (SXI) report for Danielle Rangel?
Standex reported that VP & Chief Accounting Officer Danielle Rangel received a grant of 603 Restricted Stock Units. These units were awarded at no cash cost and represent compensation linked to the company’s common stock, subject to a multi-year vesting schedule.
How many Restricted Stock Units did Danielle Rangel receive from Standex (SXI)?
Danielle Rangel received 603 Restricted Stock Units. Each unit represents a right to receive one share of Standex common stock, subject to vesting conditions defined under the company’s 2018 Omnibus Incentive Plan and the specific grant terms in this award.
What is the vesting schedule for Danielle Rangel’s SXI Restricted Stock Units?
The 603 Restricted Stock Units vest in three equal installments. One-third vests on May 15, 2027, another third on May 15, 2028, and the final third on May 15, 2029, assuming continued satisfaction of the plan’s conditions.
Did Danielle Rangel pay anything for the 603 SXI Restricted Stock Units?
No cash was paid for the grant; the Form 4 shows a price per unit of 0.0000. This indicates the award was part of equity-based compensation rather than an open-market purchase of Standex common stock.
How many derivative securities does Danielle Rangel hold after this SXI grant?
Following the transaction, the Form 4 reports that Danielle Rangel holds 603 derivative securities in the form of Restricted Stock Units. These units are directly owned and correspond to potential future shares of Standex common stock upon vesting.