Form 4: SMP Executive Granted Restricted Stock
Statement of Changes in Beneficial Ownership
Carmine Joseph Broccole, CLO & Secretary of Standard Motor Products, received a grant of 2,513 shares of common stock.
Summary
- Carmine Joseph Broccole, CLO & Secretary of Standard Motor Products, Inc. (SMP), reported changes in beneficial ownership.
- On October 29, 2025, Broccole acquired 2,513 shares of Common Stock as a grant of restricted stock under the Company's 2025 Omnibus Incentive Plan. The acquisition price was $0.
- Following this transaction, Broccole directly beneficially owns 83,754 shares of Common Stock.
- The filing also notes a disposition of 5,481 ESOP shares, with a remark that allocations and/or dispositions may have occurred since the last ownership report.
Sentiment
Score: 6
Explanation: The grant of restricted stock is a positive for executive alignment, while the disposition of ESOP shares is neutral without further context. Overall, it's a routine insider transaction report.
Positives
- Grant of 2,513 shares of restricted stock to a key executive, Carmine Joseph Broccole, aligning management interests with shareholders.
Negatives
- Disposition of 5,481 ESOP shares by the CLO & Secretary, though the reason for this disposition is not specified and could be for various personal financial planning purposes.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Incentive Plan | Grant of restricted stock under the Company's 2025 Omnibus Incentive Plan. | 10/29/2025 | Aligns executive compensation with shareholder interests and long-term company performance. |
Related Party Transactions
- Grant of 2,513 shares of restricted stock to Carmine Joseph Broccole, CLO & Secretary, under the Company's 2025 Omnibus Incentive Plan.
Stakeholder Impact
- Shareholders: Increased alignment of executive interests with shareholder value through the restricted stock grant.
- Employees (ESOP participants): The disposition of ESOP shares by the CLO & Secretary is noted, but the broader impact on ESOP participants is not detailed.
Key Dates
| Date | Description |
|---|---|
| 10/29/2025 | Date of earliest transaction (acquisition of restricted stock and disposition of ESOP shares). |
| 10/30/2025 | Signature date of the reporting person. |
Keywords
Standard Motor Products, SMP, Form 4, Insider Trading, Restricted Stock, Executive Compensation, Carmine Joseph Broccole, CLO, Secretary, Equity Grant
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