STRT.NASDAQStrattec Security CORP

4/A: STRATTEC VP Corrects Stock Ownership Filing

Sentiment:

Insider Transaction Amendment

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STRATTEC Security Corp's VP & Chief Technical Officer, Richard P. Messina, filed an amended Form 4 to correct previously reported beneficial ownership amounts.

Summary

  • Richard P. Messina, VP & Chief Technical Officer of STRATTEC SECURITY CORP (STRT), filed a Form 4/A to amend a previous Form 4.
  • The amendment specifically corrects the amounts of securities beneficially owned by Mr. Messina as reported in Column 5 of Table I of the original Form 4 filed on August 26, 2025.
  • The correction does not affect the transactions previously reported, only the resulting beneficial ownership totals.
  • On August 22, 2025, 320 shares of common stock were withheld for tax liability upon the vesting of 950 restricted shares, resulting in 14,140 shares beneficially owned.
  • On August 23, 2025, an additional 320 shares of common stock were withheld for tax liability, leading to 13,820 shares beneficially owned.
  • On August 22, 2025, 804 shares of restricted stock were acquired, bringing the beneficially owned total to 14,624 shares.
  • The 804 shares of restricted stock will vest pro rata over a three-year period, with one-third vesting on August 22, 2026, August 22, 2027, and August 22, 2028, respectively.

Sentiment

Score: 5

Explanation: The filing is a procedural correction of previously reported beneficial ownership amounts, indicating no material change in company performance or outlook. It is a neutral event.

Negatives

  • The necessity to file an amendment indicates an error in the initial reporting of beneficial ownership amounts.

Future Outlook

The 804 shares of restricted stock granted to Richard P. Messina are scheduled to vest pro rata over a three-year period, with one-third vesting on August 22, 2026, August 22, 2027, and August 22, 2028, respectively.

Industry Context

This filing is a standard regulatory disclosure for insider transactions and corrections, reflecting compliance with SEC rules rather than specific industry trends or competitive positioning. It provides transparency regarding executive stock ownership.

Stakeholder Impact

  • Shareholders: Provides corrected and accurate information regarding an executive's beneficial ownership, ensuring transparency in insider holdings.

Next Steps

  • Vesting of restricted stock shares on August 22, 2026.
  • Vesting of restricted stock shares on August 22, 2027.
  • Vesting of restricted stock shares on August 22, 2028.

Key Dates

DateDescription
08/22/2025Earliest transaction date; 320 shares withheld for tax, 804 restricted shares acquired.
08/23/2025320 shares withheld for tax.
08/26/2025Date of original Form 4 filing that is being amended.
09/16/2025Signature date of the Form 4/A amendment.
08/22/2026First vesting date for one-third of the 804 restricted stock shares.
08/22/2027Second vesting date for one-third of the 804 restricted stock shares.
08/22/2028Third and final vesting date for one-third of the 804 restricted stock shares.

Recommendation

hold

The filing is a procedural amendment to correct beneficial ownership figures for an executive and does not contain information material enough to warrant a change in investment recommendation. It is a routine compliance update.

Keywords

STRATTEC, STRT, Form 4/A, insider transaction, beneficial ownership, restricted stock, executive compensation, SEC filing

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