SXI Insider Filing: Phantom Units, RSUs Vest; Tax Withholding Sales Reported
Rhea-AI Filing Summary
Annmarie Bell, Vice President and Chief HR Officer of Standex International Corporation (SXI), reported multiple equity transactions on 08/22/2025 and 08/23/2025 related to vesting of incentive awards and tax-withholding sales. Phantom stock and restricted stock units vested, generating 613, 279 and 567 underlying shares from different awards, while portions of vested restricted stock/performance units were sold to pay taxes at an effective price of $210.48 per share. After these transactions the reporting person beneficially owned 8,606 shares directly. Performance share units were granted with a 0–250% payout formula and certain PSUs cliff vesting at three years; reported achievement for performance-based phantom units was 52%.
Positive
- Vesting of incentive awards indicates retention through compensation programs and alignment with long-term pay structures
- Reporting shows no open-market purchases or opportunistic sales; disposals were for tax withholding
Negative
- Actual performance-based payout for certain phantom units was 52%, below full target
- Tax-withholding sales reduced the reporting person's direct share count
Insights
TL;DR: Routine executive equity vesting and tax-related share sales; no new purchases beyond award vesting.
The Form 4 discloses standard compensation-related activity rather than open-market trading. Multiple award types vested under the 2018 Omnibus Incentive Plan, including phantom stock units, restricted stock units and performance share units. Some vested shares were sold solely to satisfy tax withholding obligations at a reported price of $210.48 per share. The filer retains direct ownership of 8,606 shares after the transactions. This filing signals compensation realization, not opportunistic insider buying or material change in ownership stake.
TL;DR: Vesting outcomes reflect partial achievement of performance awards and standard time-based vesting schedules.
The document shows a 52% actual achievement for certain performance-based phantom units that were originally granted at a 100% target, producing 613 vested shares from that award. Time-based restricted stock units vested (279 shares) and performance share units with a three-year cliff were awarded (729 PSUs reported as granted). Dispositions noted are identified as tax-withholding sales rather than transfers for liquidity. These are typical plan mechanics and provide insight into realized equity compensation levels for the reporting officer.