Form 4: Superior Industries EVP Michael Dorah Reports Stock Transactions
SEC Form 4 Filing
Michael Dorah, EVP and Chief Operating Officer of Superior Industries International, Inc., reports the acquisition and disposal of common stock and restricted stock units on May 19, 2024.
Summary
- On May 19, 2024, Michael Dorah, EVP and Chief Operating Officer of Superior Industries International, Inc., engaged in transactions involving the company's stock.
- Dorah acquired 15,022 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Dorah disposed of 6,550 shares to cover tax obligations related to the vesting of these units at a price of $3.65 per share.
- Following these transactions, Dorah directly owns 76,051 shares of Superior Industries International, Inc.
- Dorah also holds 124,121 restricted stock units, which vest in three approximately equal installments on May 19, 2024, March 2, 2025, and March 2, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company.
Stakeholder Impact
- The transactions may provide shareholders with insight into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2020-12-17 | Power of Attorney executed by Michael Dorah |
| 2024-05-19 | Transaction Date: Acquisition and disposal of shares and vesting of restricted stock units |
| 2024-05-19 | Restricted stock units vest in first installment |
| 2024-05-21 | Date of report submission |
| 2025-03-02 | Restricted stock units vest in second installment |
| 2026-03-02 | Restricted stock units vest in third installment |
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