SXI Form 4: VP Max Arets Buys Fractional Shares via DRIP on 08/21/2025
Rhea-AI Filing Summary
Standex International (SXI) reported insider purchases by Max Arets, Vice President and Chief Information Officer, under the company’s Dividend Reinvestment Plan on 08/21/2025. The Form 4 shows two small acquisitions of Common Stock: 1.178 and 0.1 shares at prices of $201.6214 and $202 respectively, increasing beneficial ownership to 1,318.532 and then 1,318.632 shares (direct ownership). The filing was signed by Alan J. Glass on 08/25/2025. The filing indicates routine reinvestment of dividends rather than open-market purchases or dispositions.
Positive
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Negative
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Insights
TL;DR: Routine small-scale dividend reinvestment purchases by an executive; not material to valuation.
The transactions are labeled J(1) and disclosed as purchases under the company Dividend Reinvestment Plan, reflecting automatic acquisition of fractional shares. The sizes (1.178 and 0.1 shares) and prices (~$201.62 and $202) are negligible relative to outstanding shares and do not change control or signal significant insider accumulation. This is a routine insider activity consistent with participation in DRIP programs and bears no immediate impact on company financials or governance.
TL;DR: Compliance filing documents standard DRIP activity by an officer; disclosure meets Section 16 requirements.
The Form 4 identifies the reporting person, relationship to the issuer (VP; Chief Information Officer), transaction dates, and prices, and includes the required signature. The explicit explanation states the acquisitions arose from the Dividend Reinvestment Plan, which typically provides an affirmative defense when properly documented. There is no indication of atypical timing, coordinated purchases, or changes in tenure; disclosure appears complete for these small transactions.