Form 4: Superior Group of Companies Executive Exercises Stock Appreciation Rights
SEC Form 4 Filing
Dominic Leide, President of The Office Gurus at Superior Group of Companies, exercised stock appreciation rights, acquiring and disposing of shares to cover the exercise price and taxes.
Summary
- On March 25, 2024, Dominic Leide, President of The Office Gurus at Superior Group of Companies, exercised stock appreciation rights.
- This involved acquiring 10,037 shares of common stock at a price of $8.48 per share.
- Leide then disposed of 5,149 shares at $16.53 to cover the exercise price and 1,191 shares at $16.53 to cover withholding taxes.
- Following these transactions, Leide beneficially owns 74,623 shares of common stock, with 19,135 of these shares still subject to forfeiture under restricted stock awards.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard executive stock transaction.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of earliest transaction: Exercise of stock appreciation rights, acquisition and disposal of shares. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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