Form 4: Standard Motor Products COO James J. Burke Reports Stock Grant and ESOP Holdings

James J. Burke, COO of Standard Motor Products, reports acquisition of restricted stock and disposition of ESOP shares.

Summary

• On October 23, 2024, James J. Burke, the Chief Operating Officer of Standard Motor Products, acquired 2,553 shares of common stock through a grant of restricted stock under the company's Amended and Restated 2016 Omnibus Incentive Plan.
• The price of the acquired stock was $0.
• Following the transaction, Burke directly owns 74,341 shares of common stock.
• Burke also reported owning 11,809 shares through an ESOP.
• Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock by the COO could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The reported transactions provide shareholders with insight into the actions of company leadership.

Key Dates