Form 4: Superior Group of Companies Executive Reports Routine Stock Disposition for Tax Withholding
Insider Transaction Report
Jake Himelstein, President of BAMKO, LLC, a subsidiary of Superior Group of Companies, Inc., reported the disposition of 2,134 shares of common stock to cover tax obligations related to a restricted stock award vesting.
Summary
- Jake Himelstein, President of BAMKO, LLC, an officer of Superior Group of Companies, Inc. (SGC), reported a transaction on July 1, 2025.
- The transaction involved the disposition of 2,134 shares of SGC common stock at a price of $10.29 per share.
- These shares were withheld by the issuer to cover applicable withholding taxes related to the vesting of a restricted stock award.
- Following this transaction, Jake Himelstein beneficially owns 132,290 shares of SGC common stock.
- Of the beneficially owned shares, 106,171 shares continue to be subject to forfeiture as of the filing date.
Sentiment
Score: 5
Explanation: The transaction is a routine administrative event related to executive compensation and tax obligations, not indicative of positive or negative company performance or strategic shifts.
Positives
- The transaction indicates the vesting of a restricted stock award, which is a positive event for the executive, reflecting earned compensation.
Negatives
- A reduction of 2,134 shares in direct beneficial ownership due to tax withholding.
Risks
- 106,171 shares of common stock beneficially owned by the executive remain subject to forfeiture conditions.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: A minor reduction in direct insider ownership due to shares withheld for tax purposes, which is a common occurrence with executive equity compensation.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of the reported transaction where shares were withheld for taxes related to a restricted stock award vesting. |
| 07/02/2025 | Date the Form 4 filing was signed. |
Keywords
Superior Group of Companies, SGC, Jake Himelstein, Form 4, Insider Transaction, Restricted Stock Award, Tax Withholding, Executive Compensation, BAMKO
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