Standex International (SXI) grants director 286 phantom units
Rhea-AI Filing Summary
STANDEX INTERNATIONAL CORP (SXI) reported that director Charles H. Cannon Jr. acquired 286 Phantom Stock Units as a grant classified as a “grant, award, or other acquisition.” These units are tied to 286 shares of Common Stock and are scheduled to vest three years after the purchase date under the company’s Management Stock Purchase Plan component of the 2018 Omnibus Incentive Plan. Following this award, Cannon’s directly held Phantom Stock Units position reported in this filing is 286 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CANNON CHARLES H JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1 | 286 | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 286 shares (Direct)
Footnotes (1)
- F1. 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 granted: 286 units
Underlying Common Stock: 286 shares
Phantom Stock Units after transaction: 286 units
+2 more
5 metrics
Phantom Stock Units granted
286 units
Grant, award, or other acquisition on 2026-08-23
Underlying Common Stock
286 shares
Each Phantom Stock Unit corresponds to one share of Common Stock
Phantom Stock Units after transaction
286 units
Total Phantom Stock Units directly held following the reported grant
Exercise/expiration date
2029-08-23
Exercise and expiration dates for the Phantom Stock Units
Acquire transactions in filing
1 transaction
Transaction summary shows one acquisition and no sales
Key Terms
Phantom Stock Units, Management Stock Purchase Plan, 2018 Omnibus Incentive Plan
3 terms
Phantom Stock Units financial
"security title is listed as “Phantom Stock Units”"
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.
Management Stock Purchase Plan financial
"pursuant to the Management Stock Purchase Plan component"
2018 Omnibus Incentive Plan financial
"component of the 2018 Omnibus Incentive Plan vesting three years"
FAQ
What insider transaction did SXI disclose for Charles H. Cannon Jr.?
The company disclosed that director Charles H. Cannon Jr. received a grant of 286 Phantom Stock Units on 2026-08-23, reported as a grant, award, or other acquisition of derivative securities tied to Common Stock.
How many SXI Phantom Stock Units were granted in this Form 4 filing?
The filing reports a grant of 286 Phantom Stock Units, with underlying 286 shares of Common Stock. After this transaction, the total Phantom Stock Units position reported for the insider in this filing is 286 units held directly.
When do the SXI Phantom Stock Units for Charles H. Cannon Jr. vest or settle?
The Phantom Stock Units were acquired pursuant to the Management Stock Purchase Plan component of the 2018 Omnibus Incentive Plan and are described as vesting three years after the date of purchase in the form of Common Stock.
What is the underlying security for the SXI Phantom Stock Units in this Form 4?
Each Phantom Stock Unit is linked to Common Stock of STANDEX INTERNATIONAL CORP, with the filing specifying 286 underlying shares of Common Stock corresponding to the 286 Phantom Stock Units granted.
Is the SXI transaction reported as part of a Rule 10b5-1 trading plan?
The document-level indicator for Rule 10b5-1 plans is false, and the footnote does not describe the grant as being made under a Rule 10b5-1 trading plan. It is described instead as a contingent purchase under the company’s incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.