Form 4: Superior Industries Executive Settles Restricted Stock Units, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
David M. Sherbin, Senior VP and General Counsel of Superior Industries International, settles restricted stock units and disposes of shares to cover tax obligations.
Summary
- On May 19, 2024, David M. Sherbin, Senior VP and General Counsel of Superior Industries International, settled 9,725 restricted stock units, each representing a contingent right to receive one share of common stock.
- Simultaneously, Sherbin disposed of 4,241 shares of common stock at a price of $3.65 per share to cover tax obligations related to the settlement of the restricted stock units.
- Following these transactions, Sherbin directly owns 5,484 shares of Superior Industries International common stock and 19,450 restricted stock units.
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.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 05/19/2024 | Date of transaction: settlement of restricted stock units and disposal of shares. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
| 03/02/2025 | Next vesting date for restricted stock units. |
| 03/02/2026 | Final vesting date for restricted stock units. |
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