Form 4: Superior Group of Companies Director Acquires Shares and Stock Options

Andrew D. Demott Jr., a director at Superior Group of Companies, acquired 3,766 shares of common stock and 2,750 non-qualified stock options on May 9, 2024.

Summary

• On May 9, 2024, Andrew D. Demott Jr., a director of Superior Group of Companies, acquired 3,766 shares of common stock.
• These shares were obtained through a restricted stock award that vests on May 9, 2027.
• The closing price of Superior Group of Companies' common stock on the NASDAQ on May 9, 2024, was $19.91 per share.
• Demott also acquired 2,750 non-qualified stock options with an exercise price of $19.91, exercisable between May 9, 2026, and May 9, 2034.
• Following the reported transactions, Demott beneficially owns 219,381 shares of Superior Group of Companies, some of which are subject to forfeiture.
• As of the date of the filing, 11,303 shares remain subject to forfeiture.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director's investment in the company is generally a good sign, but the filing itself is a routine disclosure.

Positives

• A director's acquisition of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain explicit forward-looking statements, but the acquisition of shares and options by a director suggests a positive outlook.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's investment in the company, which is common.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The size and nature of the transaction are typical for director-level compensation and investment.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates