SXI Insider Filing: Phantom Units Vest, RSUs/PSUs Granted; 52% Performance Result
Rhea-AI Filing Summary
Alan J. Glass, CLO, VP & Secretary of Standex International Corp (SXI), filed a Form 4 reporting several transactions on 08/22/2025 and 08/23/2025 involving common stock, phantom stock units and restricted stock units. The filing shows multiple vestings and grants, including phantom stock vesting under the Management Stock Purchase Plan and awards under the 2018 Omnibus Incentive Plan. Certain shares were sold to pay taxes on vesting. Performance share units achieved 52% of target for one award, and new performance and restricted stock units were granted with multi-year vesting schedules. The Form is signed 08/26/2025.
Positive
- Vesting and grants disclosed under the Management Stock Purchase Plan and 2018 Omnibus Incentive Plan indicate alignment of executive pay with company performance
- Transparency on performance outcome—one performance award's actual achievement was reported as 52%
Negative
- Shares sold to pay taxes on vested awards reduced the reporting person's direct holdings
- Partial achievement (52%) on a performance award indicates targets were not fully met for that performance cycle
Insights
TL;DR: Routine insider vesting and tax-withholding sales; modest net share changes with performance awards at 52% achievement.
The Form 4 documents standard executive compensation activity: multiple phantom stock units and restricted stock units vested, some resulting shares sold to satisfy tax obligations, and new performance and restricted awards were granted. The disclosed 52% achievement on a performance award indicates partial attainment of performance metrics for that cycle. Transactions appear to reflect compensation plan mechanics rather than open-market trading, so immediate market-impact is likely limited.
TL;DR: Compensation governance is operating as designed with cliff and multi-year vesting; tax withholding via share sales executed.
The filing shows the company’s incentive structures functioning: Management Stock Purchase Plan, Omnibus Incentive Plan performance-based awards, cliff-vesting PSUs, and time-based RSUs. Sale of shares to cover tax withholding is a common administrative action on vesting events. Documentation of actual achievement (52%) provides useful transparency on plan outcomes.