Form 4: Andrew Demott Jr. Acquires Superior Group Stock

Andrew Demott Jr., a Director at Superior Group of Companies, Inc., acquired 9,583 shares of common stock via a restricted stock award on May 7, 2026.

Summary

• Andrew Demott Jr., a Director of Superior Group of Companies, Inc. (SGC), received a restricted stock award on May 7, 2026.
• The award consists of 9,583 shares of common stock.
• These shares vest on the third anniversary of the grant date, which is May 7, 2029.
• The closing price of SGC's common stock on the NASDAQ was $12.00 per share on the grant date.
• Following this transaction, Demott Jr. beneficially owns 209,809 shares.
• A portion of these shares, specifically 29,731, remain subject to forfeiture as of the filing date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details a standard insider stock award transaction rather than significant financial performance or strategic shifts.

Positives

• Director Andrew Demott Jr. has increased his beneficial ownership of Superior Group of Companies, Inc. stock.
• The restricted stock award indicates a long-term incentive aligned with the company's performance.
• The award was granted when the stock was trading at $12.00 per share, suggesting a potentially favorable entry point for the award.

Negatives

• A significant portion of the awarded shares (29,731) are still subject to forfeiture, indicating potential future loss of these shares if certain conditions are not met.
• The vesting period is three years, meaning the full benefit of the award is not immediately realized.

Risks

• The shares are subject to forfeiture, meaning they could be lost if specific conditions are not met by the vesting date.
• The value of the awarded shares is tied to the future performance of Superior Group of Companies, Inc. stock, which carries inherent market risk.

Future Outlook

The restricted stock award vests on May 7, 2029, indicating a long-term commitment and incentive for the reporting person, contingent on continued employment and company performance.

Industry Context

StockSavvy.ai notes that the issuance of restricted stock awards to directors is a common practice in the apparel and retail industry to align executive interests with shareholder value and incentivize long-term performance.

Stakeholder Impact

• Shareholders: The transaction increases the beneficial ownership of a director, potentially signaling confidence in the company's future. However, the forfeiture clause introduces a degree of uncertainty regarding the ultimate ownership of a portion of the award.
• Employees: The award is specific to a director and does not directly impact general employee compensation or benefits.
• Management: The award serves as an incentive for the director to remain with the company and contribute to its success.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• The restricted stock award will vest on May 7, 2029, subject to the terms of the award agreement.
• The reporting person will continue to hold beneficial ownership of the shares, with 29,731 shares remaining subject to forfeiture until vesting conditions are met.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Award, Restricted Stock, Superior Group of Companies, SGC, Andrew Demott Jr., Beneficial Ownership, Vesting, Forfeiture