Form 4: Superior Group of Companies CEO Michael Benstock Acquires 10,000 Shares

CEO Michael Benstock of Superior Group of Companies, Inc. reports the acquisition of 10,000 shares of common stock at a weighted-average price of $13.4527 on August 16, 2024.

Summary

• On August 16, 2024, Michael Benstock, CEO of Superior Group of Companies, Inc., acquired 10,000 shares of the company's common stock.
• The shares were purchased at a weighted-average price of $13.4527, with individual transaction prices ranging from $13.34 to $13.52.
• Following the transaction, Benstock directly owns 583,848 shares of common stock.
• He also indirectly owns 397,006 shares held in an irrevocable trust and 22,000 shares held by his spouse.
• 187,463 of the directly owned shares are subject to forfeiture under restricted stock awards.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's purchase suggests confidence, but it's a routine transaction.

Positives

• The CEO's purchase of shares could be interpreted as a positive signal about the company's prospects.

Industry Context

Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's value and future performance.

Stakeholder Impact

• The CEO's stock purchase may increase investor confidence.

Key Dates