SXI insider report: RSU/Phantom vesting and 2,490 PSU grant with 2028 cliff vest
Rhea-AI Filing Summary
Sarcevic Ademir, an officer (Vice President/CFO/Treasurer) of Standex International Corp. (SXI), reported multiple equity transactions on 08/22/2025 and 08/23/2025. The filing shows vesting of Phantom Stock Units and Restricted Stock Units under the companys 2018 Omnibus Incentive Plan, sales of shares to cover taxes on vesting, and a grant of 2,490 Performance Share Units that cliff vest on 08/23/2028. Several transactions were executed at a price of $210.48 per share, reflecting share sales tied to tax withholding. Following the reported transactions, the filing lists 12,249 beneficially owned shares of common stock (direct). The document describes formulaic achievement levels for performance awards (actual achievement 52% for certain phantom awards) and specifies vesting schedules for RSUs and PSUs.
Positive
- Grant of 2,490 Performance Share Units aligns executive pay with multi-year performance and retention through 08/23/2028
- Vesting of RSUs and Phantom Units demonstrates continued compensation realization tied to company plans
Negative
- Sells to cover taxes reduced direct holdings, with multiple disposals at $210.48 per share
- Some phantom awards paid at 52% of target, below full target achievement rate
Insights
TL;DR: Officer received vested phantom units and RSUs; received a PSU grant with a three-year cliff vesting, while selling shares to cover taxes.
The filing documents routine executive equity compensation events rather than open-market strategic trading. Vesting of Phantom Stock Units and Restricted Stock Units converted into common shares while certain shares were sold to satisfy tax obligations at an indicated transaction price of $210.48. A Performance Share Unit grant of 2,490 units was awarded with a cliff vest date of 08/23/2028, creating a multi-year incentive tied to company performance. The reported 52% achievement rate for some phantom awards clarifies payout realization versus target. These are typical compensation mechanics and do not by themselves indicate material changes to ownership control.
TL;DR: Transactions reflect standard grant, vesting and tax-withholding activity under the companys incentive plan; no apparent governance concern disclosed.
The Form 4 shows internal compensation administration: vesting, tax-related share disposals, and a PSU award with a three-year performance period. The mix of vested phantom units, RSUs, and a new PSU grant aligns executive incentives with multi-year performance metrics. The filing quantifies post-transaction direct beneficial ownership at 12,249 shares, and documents that some phantom awards vested at 52% of target while PSUs remain subject to future performance outcomes. No departures, pledges, or unusual transfers are reported in this filing.