Form 4: SMP Officer's Routine Tax Withholding

Standard Motor Products' CLO and Secretary, Carmine J. Broccole, reported a routine disposition of 1,118 common shares to cover tax obligations.

Summary

• Carmine J. Broccole, CLO & Secretary of Standard Motor Products, Inc. (SMP), reported a disposition of 1,118 shares of common stock.
• The transaction occurred on March 1, 2026, with shares valued at $39.68 each, reflecting the closing price on February 27, 2026.
• These shares were withheld to satisfy tax withholding obligations, a transaction exempt from Section 16(b) under Rule 16b-3(e).
• Following this transaction, Mr. Broccole directly beneficially owns 81,603 shares and indirectly owns 5,481 ESOP shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard administrative action for an insider's equity compensation rather than a strategic move or performance indicator.

Industry Context

StockSavvy.ai notes that insider transactions, particularly routine tax withholdings like this Form 4, are common and generally do not reflect significant shifts in company strategy or performance. They are typically administrative in nature.

Key Dates

Keywords

Standard Motor Products, SMP, Carmine J. Broccole, Insider Transaction, Form 4, Tax Withholding, Common Stock, Officer, CLO, Secretary