Form 4: Superior Group of Companies CEO Michael Benstock Executes Stock Options and Stock Appreciation Rights

CEO Michael Benstock reports exercising stock options and stock appreciation rights, along with the disposal of shares to cover exercise costs and taxes.

Summary

• On February 3, 2025, Michael Benstock, CEO of Superior Group of Companies, exercised stock options for 9,115 shares at a price of $10.97.
• He also exercised stock-settled stock appreciation rights for 102,802 shares at a price of $10.97.
• Benstock disposed of 74,735 shares at $15.09 to cover the exercise price of the stock appreciation rights.
• An additional 6,924 shares were withheld by the issuer at $15.09 to cover applicable withholding taxes related to the exercise of the stock appreciation rights.
• Following these transactions, Benstock directly owns 614,106 shares of common stock, some of which are subject to forfeiture.
• 169,949 shares remain subject to forfeiture as of the filing date.
• He also indirectly owns 397,006 shares held in an irrevocable trust and 22,000 shares held by his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring transparency in insider trading activities.
• The details provided in this Form 4 are consistent with the requirements set forth by the SEC, similar to filings made by executives at comparable companies like Cintas Corporation or Unifirst Corporation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The exercise of options and stock appreciation rights could be seen as a positive signal, indicating management's confidence in the company's future performance.

Key Dates

Keywords

Form 4, stock options, stock appreciation rights, insider trading, Michael Benstock, Superior Group of Companies, SGC, beneficial ownership