Form 4: Superior Industries CEO Settles Restricted Stock Units, Disposes of Shares for Tax Obligations
SEC Form 4
CEO Majdi Abulaban settled restricted stock units and disposed of shares to cover tax obligations on May 19, 2024.
Summary
- On May 19, 2024, Majdi Abulaban, CEO of Superior Industries International Inc., settled 67,204 restricted stock units, receiving common stock.
- Simultaneously, 29,301 shares were disposed of at a price of $3.65 per share to cover tax obligations related to the settlement of the restricted stock units.
- Following these transactions, Abulaban directly owns 1,715,293 shares of common stock and 502,621 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and does not necessarily indicate a significant trend in the industry.
Key Dates
| Date | Description |
|---|---|
| May 15, 2019 | Date of Power of Attorney execution. |
| May 19, 2024 | Date of transaction: settlement of restricted stock units and disposal of shares for tax obligations. |
| March 2, 2025 | Next vesting date for restricted stock units. |
| March 2, 2026 | Final vesting date for restricted stock units. |
| May 21, 2024 | Date of signature for the Form 4 filing. |
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