Form 4: Superior Industries Director Richard Giromini Converts Restricted Stock Units to Common Shares

Superior Industries International Inc. Director Richard J. Giromini has converted 37,338 restricted stock units into common shares, increasing his direct beneficial ownership to 195,704 shares.

Summary

• Richard J. Giromini, a Director of Superior Industries International Inc. (SUP), acquired 37,338 shares of common stock.
• This acquisition resulted from the exercise or conversion of restricted stock units (RSUs).
• The transaction occurred on May 22, 2025, with a price of $0.00 per share, indicating a vesting event.
• Following this transaction, Mr. Giromini directly beneficially owns 195,704 shares of Superior Industries International Inc. common stock.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The restricted stock units vest and settle in stock on the first anniversary of their grant date.

Sentiment

Score: 7

Explanation: The conversion of restricted stock units into common stock is a positive event for the director, indicating the successful vesting of equity compensation and an increase in direct ownership, aligning interests with shareholders. This is a routine, expected event.

Positives

• The conversion of restricted stock units into common stock indicates the vesting of previously granted equity compensation, which is a positive for the director.
• The increase in direct beneficial ownership by a director aligns their interests more closely with shareholders.

Future Outlook

The document indicates that restricted stock units vest and settle on the first anniversary of their grant date, implying a structured equity compensation plan for future vesting events.

Industry Context

This Form 4 filing reflects a routine equity compensation event for a director in the automotive supplier industry, where stock-based incentives are common to align management and director interests with company performance.

Corporate Governance

Related Party Transactions

• The transaction involves the vesting of restricted stock units granted by Superior Industries International Inc. to its director, Richard J. Giromini, which is a common form of related-party equity compensation.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value due to higher direct stock ownership.
• Employees: No direct impact on general employees, but reflects standard equity compensation practices for leadership.
• Management: The transaction is a routine part of the director's compensation structure.

Next Steps

• Continued beneficial ownership of 195,704 shares by Richard J. Giromini.
• Future vesting events for any remaining or newly granted restricted stock units as per the company's equity compensation plan.

Key Dates

Recommendation

Keywords

Superior Industries International Inc., SUP, Richard J. Giromini, Form 4, SEC filing, beneficial ownership, restricted stock units, RSU conversion, director stock ownership, equity compensation