Form 4: Superior Industries CEO Majdi Abulaban Reports Stock Transactions
SEC Form 4
CEO Majdi Abulaban reports acquisition and disposal of Superior Industries International Inc. common stock and restricted stock units.
Summary
- On March 2, 2025, Majdi Abulaban, CEO of Superior Industries International Inc., reported several transactions involving the company's common stock.
- These transactions included the acquisition of shares through the settlement of restricted stock units and performance-based restricted stock units, as well as the disposal of shares to cover tax obligations.
- Abulaban acquired 66,199 and 67,205 shares of common stock through the vesting of restricted stock units.
- He also acquired 383,791 shares upon settlement of performance-based restricted stock units related to the three-year performance period ending December 31, 2024.
- A total of 28,863, 29,302, and 167,333 shares were disposed of to cover tax obligations at a price of $1.71 per share.
- Following these transactions, Abulaban directly owns 2,006,990 shares of Superior Industries International Inc. common stock.
- He also holds 369,217 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Positives
- The acquisition of shares through performance-based restricted stock units suggests the company met certain performance targets.
Negatives
- The disposal of shares to cover tax obligations, while routine, reduces the CEO's holdings.
Risks
- There are no specific risks mentioned in this document.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 2019-05-15 | Date of Power of Attorney execution. |
| 2023-03-02 | First vesting date for some restricted stock units. |
| 2024-03-02 | Second vesting date for some restricted stock units. |
| 2024-05-19 | First vesting date for some restricted stock units. |
| 2024-12-31 | End of the three-year performance period for performance-based restricted stock units. |
| 2025-03-02 | Date of reported transactions; final vesting date for some restricted stock units; second vesting date for some restricted stock units. |
| 2025-03-02 | Date of reported transactions. |
| 2025-03-04 | Date of signature for the report. |
| 2026-03-02 | Final vesting date for some restricted stock units. |
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