Form 4: Superior Industries CEO Settles Restricted Stock Units, Pays Taxes
SEC Form 4
CEO Majdi Abulaban settled restricted stock units and paid taxes by withholding shares, according to a recent SEC Form 4 filing.
Summary
- On March 30, 2025, Majdi Abulaban, CEO of Superior Industries International Inc., settled 100,671 restricted stock units.
- He also had 43,893 shares withheld for payment of taxes at a price of $2.16 per share.
- Following these transactions, Abulaban directly owns 2,063,768 shares of common stock and 268,546 restricted stock units.
- The restricted stock units vest ratably in three equal installments on March 30, 2025, March 2, 2026 and March 2, 2027.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 2019-05-15 | Date of Power of Attorney execution. |
| 2025-03-30 | Date of transaction: settlement of restricted stock units and tax withholding. |
| 2025-03-30 | First vesting date of restricted stock units. |
| 2026-03-02 | Second vesting date of restricted stock units. |
| 2027-03-02 | Third vesting date of restricted stock units. |
| 2025-04-01 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Majdi Abulaban, Superior Industries, Restricted Stock Units, Beneficial Ownership, Securities Exchange Act, CEO, SUP
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