Form 4: Superior Group of Companies Executive Exercises Stock Options and Stock Appreciation Rights
SEC Form 4 Filing
Jordan M. Alpert, Chief Legal Officer & Secretary of Superior Group of Companies, exercised stock options and stock appreciation rights on March 18, 2024, resulting in changes to his beneficial ownership of company stock.
Summary
- On March 18, 2024, Jordan M. Alpert, Chief Legal Officer & Secretary of Superior Group of Companies, exercised stock options and stock appreciation rights.
- He acquired 8,500 shares of common stock at $10.97 per share and 796 shares at $8.48 per share through the exercise of stock options.
- Additionally, he acquired 7,883 shares at $8.48 per share through the exercise of stock appreciation rights.
- A total of 6,140 shares were delivered to the issuer to satisfy the exercise price of 9,296 stock options at $16.6 per share.
- 4,027 shares were disposed of to cover the exercise price of the exercised stock-settled stock appreciation rights at $16.6 per share.
- 1,144 shares were withheld by the issuer to cover applicable withholding taxes related to the exercise of the stock-settled stock appreciation rights at $16.6 per share.
- Following these transactions, Alpert's beneficial ownership stands at 83,428 shares of common stock, with 47,007 shares subject to forfeiture.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The exercise of stock options and stock appreciation rights by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for all publicly traded companies in the United States.
- The information disclosed in this filing is consistent with the type of information disclosed by executives at comparable companies when exercising stock options or stock appreciation rights.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/07/2022 | Date stock options were exercisable. |
| 05/12/2021 | Date stock options and stock appreciation rights were exercisable. |
| 03/18/2024 | Date of the reported transactions (exercise of stock options and stock appreciation rights). |
| 03/20/2024 | Date of signature on the Form 4 filing. |
| 02/07/2025 | Expiration date of stock options. |
| 05/12/2025 | Expiration date of stock options and stock appreciation rights. |
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