Form 4: Superior Group of Companies Executive Withholds Shares for Tax on Restricted Stock Vesting
Insider Transaction Report
Jordan M. Alpert, Chief Legal Officer and Secretary of Superior Group of Companies, Inc. (SGC), disposed of 1,072 shares of common stock to cover tax obligations related to the vesting of a restricted stock award.
Summary
- Jordan M. Alpert, Chief Legal Officer & Secretary of Superior Group of Companies, Inc. (SGC), engaged in a transaction on July 8, 2025.
- The transaction involved the disposition of 1,072 shares of Common Stock.
- These shares were withheld by the issuer at a price of $10.96 per share to cover applicable withholding taxes related to the vesting of a restricted stock award.
- Following this transaction, Jordan M. Alpert beneficially owns 79,151 shares of Common Stock directly.
- Of the 79,151 shares beneficially owned, 29,402 shares continue to be subject to forfeiture as of the filing date.
Sentiment
Score: 5
Explanation: The transaction is neutral in sentiment as it represents a routine tax withholding event associated with the vesting of restricted stock, not a discretionary sale or purchase.
Future Outlook
NA
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation, specifically the tax withholding associated with the vesting of restricted stock. Such transactions are common across industries when restricted stock awards vest, as they are a standard component of executive compensation packages designed to align management interests with shareholder value over time.
Stakeholder Impact
- Shareholders: The transaction is a routine administrative event related to executive compensation and does not indicate a change in the company's operational or financial performance. It reflects the vesting of previously granted equity awards, which is a common practice to incentivize and retain executives.
Key Dates
| Date | Description |
|---|---|
| 07/08/2025 | Date of transaction where shares were disposed of for tax withholding. |
| 07/09/2025 | Date the Form 4 filing was signed. |
Recommendation
holdKeywords
Superior Group of Companies, SGC, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Executive Compensation, Jordan M. Alpert
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