Form 4: Steel Partners Holdings Director Jack L. Howard Reports Transactions in Company Units

Jack L. Howard, a director, officer, and 10% owner of Steel Partners Holdings L.P., reported the acquisition and disposition of company units, including preferred and common units, on May 14, 2025.

Summary

• Jack L. Howard, along with EMH Howard, LLC, filed a Form 4 detailing changes in beneficial ownership of Steel Partners Holdings L.P. units.
• On May 14, 2025, Mr. Howard acquired 29,000 Series A Preferred Units at $24.1995 each and disposed of 25,500 Series A Preferred Units at $24.2 each.
• Mr. Howard's direct holdings include Common Units and Series A Preferred Units held by an entity 100% owned by him.
• EMH Howard, LLC, of which Mr. Howard is the Managing Member, may be deemed to beneficially own Common Units and Series A Preferred Units.
• Mr. Howard disclaims beneficial ownership of certain Common Units held by trusts and his daughter.
• EMH has disgorged $12.75 to the Issuer, representing the maximum amount of profits for which the Reporting Persons may be liable under Section 16(b) of the Exchange Act.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document is a standard regulatory filing detailing insider transactions.

Positives

• The reporting person is compliant with SEC regulations by disclosing changes in beneficial ownership.

Negatives

• EMH Howard, LLC disgorged $12.75 to the Issuer, representing the maximum amount of profits for which the Reporting Persons may be liable under Section 16(b) of the Exchange Act.

Risks

• Potential for future scrutiny regarding compliance with Section 16(b) of the Exchange Act.

Industry Context

This filing is a routine disclosure required by the SEC for insiders of publicly traded companies, ensuring transparency in the market.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The transactions reported are relatively small in scale compared to overall trading volume of similar companies.

Stakeholder Impact

• Provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Steel Partners Holdings, SPLP, Jack L. Howard, EMH Howard LLC, Form 4, Beneficial Ownership, Series A Preferred Units, Common Units, Director, Officer, 10% Owner, SEC, Transaction