Insider Report: SXI Director Acquires 599 Phantom Units Under 2018 Plan
Rhea-AI Filing Summary
Standex International Corporation (SXI) insider filing shows that reporting person CANNON CHARLES H JR reported a transaction dated 08/23/2025 acquiring 599 Phantom Stock Units under the company's Management Stock Purchase Plan component of the 2018 Omnibus Incentive Plan. The units were purchased as contingent phantom stock that will vest three years after the purchase date and will be settled in the form of 599 shares of Common Stock on 08/23/2028.
The report lists the securities as directly owned following the transaction, with an exercise/settlement price of $0 for the underlying common shares. The form indicates the transaction was reported on a Form 4 with an 08/23/2025 transaction date and includes a standard explanatory note describing the contingent purchase and vesting schedule.
Positive
- 599 Phantom Stock Units acquired that will convert into 599 shares of Common Stock upon vesting on 08/23/2028
- Transaction is disclosed on a Form 4 with transaction date 08/23/2025 and shows direct beneficial ownership following the transaction
- Explanation states the grant is under the Management Stock Purchase Plan component of the 2018 Omnibus Incentive Plan
Negative
- None.
Insights
TL;DR: Non-cash equity award of 599 phantom units vests in three years; limited immediate financial impact.
The filing documents a contingent purchase of 599 Phantom Stock Units that will convert to 599 common shares on 08/23/2028. This is a deferred equity compensation event rather than a cash sale or purchase of tradable shares today. The report shows direct beneficial ownership following the transaction and lists a $0 settlement price for the underlying common stock, consistent with a plan-based grant that vests after three years.
TL;DR: Insider reported a plan-based phantom stock purchase with a multi-year vesting schedule; procedural disclosure appears complete.
The Form 4 discloses a transaction under the 2018 Omnibus Incentive Plan’s Management Stock Purchase Plan. The explanatory note explicitly states the units are contingent and vest three years after purchase in the form of common stock. The filing includes the reporting person, director checkbox, transaction date 08/23/2025, and post-transaction ownership of 599 units/shares, meeting standard Section 16 disclosure elements.