Form 4: SMP CLO Sells Shares After Performance Award Vesting

Standard Motor Products' CLO and Secretary, Carmine J. Broccole, sold 1,148 shares of common stock to cover tax liabilities following the vesting of a performance share award.

Summary

• Carmine J. Broccole, CLO & Secretary of Standard Motor Products, Inc. (SMP), reported changes in his beneficial ownership.
• On November 10, 2025, Mr. Broccole acquired 761 shares of common stock upon the vesting of a performance share award issued in September 2022 under the Company's Amended and Restated 2016 Omnibus Incentive Plan.
• Following this acquisition, his direct beneficial ownership was 84,515 shares.
• On November 11, 2025, Mr. Broccole sold 1,148 shares of common stock at a weighted average price of $38.31 per share.
• This sale was a broker-assisted transaction specifically to cover the payment of withholding tax liability incurred from the vesting of restricted stock and the performance share award.
• After the sale, Mr. Broccole's direct beneficial ownership decreased to 83,367 shares.
• He also beneficially owns 5,481 ESOP shares indirectly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the vesting of performance shares, indicating achievement of company goals. The subsequent sale for tax purposes is a neutral, routine event for an executive receiving equity compensation, and does not reflect negatively on the company's fundamentals.

Positives

• The vesting of 761 performance share awards indicates that performance targets set in September 2022 were met, reflecting positively on the company's operational achievements and executive incentives.

Negatives

• A net reduction in direct beneficial ownership by an insider, even for tax purposes, could be perceived as a slight negative, though it is a common and often pre-planned event.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Industry Context

This is a routine insider transaction filing and does not provide specific insights into broader industry trends or competitive landscape for Standard Motor Products, Inc. The vesting of performance awards is a common practice across industries to incentivize executive performance.

Stakeholder Impact

• Shareholders: The transaction represents a minor, routine change in an executive's direct holdings. The underlying vesting of performance shares could be seen as a positive signal regarding executive alignment with company performance.
• Employees: The ESOP shares mentioned indicate an employee stock ownership plan is in place, which can align employee interests with company performance.

Key Dates

Keywords

Standard Motor Products, SMP, Form 4, Insider Transaction, Beneficial Ownership, Stock Sale, Performance Award, Carmine Broccole, Tax Liability