Form 4: Superior Industries Director Converts Restricted Stock Units to Common Shares
Insider Transaction Report (Form 4)
Timothy C. McQuay, a Director at Superior Industries International Inc., has converted 37,338 restricted stock units into common shares, increasing his direct beneficial ownership.
Summary
- Timothy C. McQuay, a Director of Superior Industries International Inc. (SUP), acquired 37,338 shares of common stock on May 22, 2025.
- This acquisition resulted from the conversion of restricted stock units (RSUs) at a price of $0.00 per share, as is typical for RSU settlements.
- Following this transaction, Mr. McQuay directly beneficially owns a total of 188,252 shares of Superior Industries International Inc. common stock.
- Each restricted stock unit represents a contingent right to receive one share of common stock and vests and settles on the first anniversary of its grant date.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of an insider transaction (RSU conversion) and does not contain information indicative of positive or negative company performance or outlook. It is a neutral event.
Positives
- The conversion of restricted stock units into common shares by a director indicates the vesting of compensation, aligning the director's interests further with shareholders through increased direct equity ownership.
Negatives
- This Form 4 filing is a routine disclosure of an insider transaction and does not inherently contain negative information regarding the company's performance or outlook.
Future Outlook
This document is a disclosure of an insider transaction and does not provide any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a standard insider transaction report (Form 4) and does not provide information that directly relates to broader industry trends or competitive dynamics within the automotive wheel manufacturing sector. It reflects an individual director's equity compensation vesting.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization for Filings | A Power of Attorney, dated August 17, 2017, authorizes Superior Industries International, Inc.'s Chief Executive Officer and Chief Financial Officer (or similar roles) to execute and file Forms 3, 4, and 5 on behalf of Timothy McQuay, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 08/17/2017 | This streamlines the process for insider transaction reporting for the director, ensuring timely and accurate regulatory compliance. |
Related Party Transactions
- The conversion of restricted stock units into common stock by Director Timothy C. McQuay represents a compensation-related transaction between the company and a related party (a director).
Stakeholder Impact
- Shareholders: The transaction increases the direct equity ownership of a director, potentially aligning management interests more closely with shareholder value. However, it is a routine compensation event and not expected to have a significant immediate impact on share price or company strategy.
Key Dates
| Date | Description |
|---|---|
| 08/17/2017 | Date of Power of Attorney granted by Timothy McQuay for Section 16 filings. |
| 05/22/2025 | Transaction date for the conversion of restricted stock units into common stock. |
| 05/27/2025 | Date the Form 4 was filed with the SEC. |
Keywords
Superior Industries International, SUP, Form 4, insider transaction, restricted stock units, RSU conversion, common stock, director ownership, equity compensation
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