Form 4: STRATTEC VP Messina Reports Tax-Related Stock Transaction

STRATTEC Security Corp's VP & Chief Technical Officer, Richard P. Messina, reported the withholding of 320 shares for tax liability upon the vesting of restricted stock.

Summary

• Richard P. Messina, VP & Chief Technical Officer of STRATTEC SECURITY CORP, reported a transaction involving company common stock.
• On August 20, 2025, 320 shares of common stock were disposed of.
• This disposition was due to shares being withheld for tax liability upon the vesting of 950 shares of restricted stock.
• The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
• Following this transaction, Messina beneficially owns 13,830 shares of STRATTEC common stock.

Sentiment

Score: 5

Explanation: The transaction is a standard tax-related withholding upon restricted stock vesting for an executive, which is a neutral event in terms of company performance or strategic direction.

Positives

• The vesting of restricted stock for a key executive indicates continued retention and alignment of interests between management and shareholders.

Negatives

• No direct negatives identified; the transaction is a routine tax withholding event.

Future Outlook

The filing indicates a future transaction on August 20, 2025, involving the withholding of shares for tax liability upon the vesting of restricted stock.

Industry Context

This is a standard insider transaction related to executive compensation, common across publicly traded companies, reflecting the vesting of equity awards.

Comparison to Industry Standards

• The practice of withholding shares for tax liability upon restricted stock vesting is a common and standard method of managing executive equity compensation across industries.

Stakeholder Impact

• Shareholders: Minimal direct impact; the transaction is a routine administrative event related to executive compensation, indicating continued executive alignment with company performance.

Next Steps

• The vesting of 950 shares of restricted stock for Richard P. Messina is scheduled for August 20, 2025, at which point 320 shares will be withheld for tax purposes.

Key Dates

Keywords

STRATTEC, STRT, Form 4, insider transaction, stock vesting, executive compensation, Richard P. Messina, Chief Technical Officer