Form 4: STRATTEC Security CEO Withholds Shares for Tax Upon Restricted Stock Vesting
Insider Transaction Report
STRATTEC Security Corp's President and CEO, Jennifer Lynn Slater, disposed of 5,931 shares of common stock to cover tax liabilities associated with the vesting of 12,618 restricted stock units.
Summary
- Jennifer Lynn Slater, President & CEO and Director of STRATTEC Security Corp (STRT), reported a transaction on July 1, 2024.
- The transaction involved the disposition of 5,931 shares of common stock.
- These shares were withheld for the payment of tax liability upon the vesting of 12,618 shares of restricted stock.
- The disposition was exempt under Rule 16b-3 of the Securities Exchange Act.
- Following this transaction, Jennifer Lynn Slater directly beneficially owns 48,801 shares of STRATTEC Security Corp common stock.
Sentiment
Score: 5
Explanation: The transaction is a routine tax-related disposition of shares upon vesting of restricted stock, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing.
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is common across all industries when restricted stock units vest. It does not provide broader industry trends or competitive insights.
Stakeholder Impact
- Shareholders: This is a routine transaction and has minimal direct impact on existing shareholders, as it reflects a standard compensation and tax process for an executive.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction where shares were disposed for tax withholding. |
| 07/03/2025 | Date of signature by J. Bret Treier via Power of Attorney for the reporting person. |
Keywords
STRATTEC Security Corp, STRT, SEC Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Restricted Stock Units, Jennifer Lynn Slater, Corporate Governance
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