Form 4: Superior Industries Director Timothy McQuay Acquires Shares Through Restricted Stock Unit Vesting

Director Timothy McQuay acquired 33,207 shares of Superior Industries International Inc. common stock on May 19, 2024, through the vesting of restricted stock units.

Summary

• On May 19, 2024, Timothy McQuay, a director of Superior Industries International Inc., acquired 33,207 shares of common stock.
• This acquisition resulted from the vesting of restricted stock units (RSUs).
• Each RSU represents the right to receive one share of Superior Industries common stock.
• Following the transaction, McQuay directly owns 150,914 shares of Superior Industries International Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of interests between the director and the company's performance.

Industry Context

This transaction is a routine part of executive compensation and aligns with standard practices for incentivizing board members and key personnel in publicly traded companies.

Comparison to Industry Standards

• Director stock ownership is a common practice in publicly traded companies to align the interests of directors with those of shareholders.
• The vesting of restricted stock units is a typical form of equity compensation, similar to practices at companies like Alcoa or Novelis, where executives receive stock-based awards that vest over time based on continued service or performance metrics.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates