Form 4: Superior Industries Executive Kevin Burke Reports Stock Transactions
SEC Form 4 Filing
Kevin Burke, Chief Human Resources Officer at Superior Industries International, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On March 2, 2024, Kevin Burke, Chief Human Resources Officer of Superior Industries International Inc., reported transactions involving the company's common stock and restricted stock units.
- Burke acquired 6,481 shares of common stock through the vesting of restricted stock units.
- He also acquired 38,890 shares upon settlement of performance-based restricted stock units related to a three-year performance period ending December 31, 2023.
- A total of 2,826 and 16,957 shares were disposed of to cover tax obligations related to the settlement of restricted stock units at a price of $3.47 per share.
- Following these transactions, Burke directly owns 68,520 shares of common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation, with no indication of unusual or concerning activity.
Positives
- The acquisition of 38,890 shares upon settlement of performance-based restricted stock units suggests the company met certain performance goals.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| October 4, 2019 | Date of Power of Attorney execution. |
| May 25, 2022 | First vesting date of restricted stock units. |
| March 2, 2023 | Second vesting date of restricted stock units. |
| December 31, 2023 | End of the three-year performance period for performance-based restricted stock units. |
| March 2, 2024 | Date of reported transactions (stock acquisition and disposal). |
| March 2, 2024 | Final vesting date of restricted stock units. |
| March 5, 2024 | Date of signature on the Form 4 filing. |
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