Form 4: Standard Motor Products Executive Sells Shares to Cover Tax Obligations

Dale Burks, Chief Commercial Officer & EVP of Standard Motor Products, sold 11,005 shares of common stock to cover withholding tax liability from vesting restricted stock awards.

Summary

• On March 11, 2025, Dale Burks, the Chief Commercial Officer & EVP of Standard Motor Products, sold 11,005 shares of common stock.
• The sale was executed to cover the payment of withholding tax liability incurred upon the vesting of restricted stock awards.
• The shares were sold at a weighted average price of $27.2, with individual trades ranging from $26.93 to $27.43.
• Following the transaction, Burks directly owns 56,860 shares of common stock and indirectly owns 5,474 ESOP shares.
• The ESOP shares may have had allocations or dispositions since the last ownership report.

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a routine transaction related to tax obligations and doesn't necessarily reflect a change in the executive's outlook for the company.

Industry Context

This is a routine Form 4 filing, reflecting an executive's stock sale to cover tax obligations. Such transactions are common and don't necessarily indicate a change in the executive's long-term outlook for the company.

Key Dates