Form 4: Superior Industries International: Officer David M. Sherbin Reports Stock Transactions
SEC Form 4 Filing
David M. Sherbin, Senior VP and General Counsel of Superior Industries International, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On March 2, 2025, David M. Sherbin, Senior VP and General Counsel of Superior Industries International, reported transactions involving the company's common stock.
- Sherbin vested 9,725 restricted stock units, each representing one share of common stock.
- 4,241 shares were withheld for the payment of taxes due upon the settlement of restricted stock units at a price of $1.71.
- Following these transactions, Sherbin directly owns 10,968 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an officer, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies and are regulated to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| May 19, 2024 | One of three vesting dates for restricted stock units. |
| March 2, 2025 | Date of transaction: vesting of restricted stock units and tax withholding. |
| March 2, 2026 | Final vesting date for restricted stock units. |
| March 04, 2025 | Date of signature. |
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