Form 4: Standard Motor Products CLO Carmine Broccole Reports Stock Transactions
SEC Form 4 Filing
Carmine Broccole, CLO & Secretary of Standard Motor Products, reports acquisition and disposal of company stock due to vesting of awards and tax obligations.
Summary
- On November 8, 2024, Carmine Broccole acquired 1,025 shares of Standard Motor Products common stock at $0 due to the vesting of a performance share award.
- On November 11, 2024, Broccole sold 913 shares at an average price of $34.96 to cover withholding tax liability.
- Following these transactions, Broccole directly owns 81,241 shares of common stock and 5,164 ESOP shares.
- The sale was executed in multiple trades with prices ranging from $34.76 to $35.39.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, which is common in publicly traded companies. It provides transparency into the trading activities of insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares compared to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| September 2021 | Performance share award issued to the reporting person under the Company's Amended and Restated 2016 Omnibus Incentive Plan. |
| 11/08/2024 | Acquisition of 1,025 shares of common stock due to vesting of performance share award. |
| 11/11/2024 | Sale of 913 shares of common stock to cover withholding tax liability. |
| 11/12/2024 | Date of signature for the Form 4 filing. |
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