Form 4: Superior Industries Executive Awarded 133,043 Restricted Stock Units
SEC Form 4 Filing
Kevin Martin Burke, Chief Human Resources Officer at Superior Industries International, Inc., was granted 133,043 restricted stock units (RSUs) on February 5, 2025, which will vest in cash over three years.
Summary
- Kevin Martin Burke, the Chief Human Resources Officer of Superior Industries International, Inc., received 133,043 restricted stock units (RSUs) on February 5, 2025.
- These RSUs represent a contingent right to receive a cash payment equivalent to the value of one share of Superior Industries' common stock.
- The RSUs will vest and be settled in cash in three approximately equal installments on February 5, 2026, February 5, 2027, and February 5, 2028.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices, aligning management with shareholder interests. The vesting schedule promotes long-term commitment.
Positives
- The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing performance and value creation.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.
Industry Context
Granting RSUs is a common practice in executive compensation to align management's interests with shareholder value and encourage long-term performance.
Comparison to Industry Standards
- Executive compensation packages, including RSU grants, are common across the automotive and manufacturing industries.
- Companies like Alcoa, Novelis, and Constellium also utilize equity-based compensation to incentivize their executives.
- The size of the RSU grant is likely benchmarked against peer companies of similar size and industry within the automotive sector.
Stakeholder Impact
- Shareholders: The RSU grant aligns executive interests with shareholder value creation.
- Employees: The grant may have a positive impact on employee morale by demonstrating that the company values its leadership.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of the transaction (grant of restricted stock units) |
| 02/05/2026 | First vesting date for approximately one-third of the RSUs |
| 02/05/2027 | Second vesting date for approximately one-third of the RSUs |
| 02/05/2028 | Final vesting date for the remaining RSUs |
| 02/07/2025 | Date of signature of the Form 4 filing |
Keywords
Restricted Stock Units, RSU, Superior Industries, Executive Compensation, Form 4, Beneficial Ownership, Kevin Martin Burke, Chief Human Resources Officer
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