Form 4: Superior Industries International SVP Parveen Kakar Reports Stock Transactions

Senior Vice President Parveen Kakar of Superior Industries International reports acquisition and disposal of common stock and restricted stock units on May 19, 2024.

Summary

• On May 19, 2024, Parveen Kakar, Senior Vice President of Superior Industries International, engaged in transactions involving the company's common stock and restricted stock units.
• Kakar acquired 12,541 shares of common stock through the settlement of restricted stock units at a price of $0.00.
• Simultaneously, 5,468 shares were withheld for tax payments related to the settled restricted stock units at a price of $3.65.
• Following these transactions, Kakar directly owns 68,168 shares of common stock and 37,436 restricted stock units.
• The restricted stock units vest and settle 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 officer. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It is a standard practice for officers and directors to receive and trade company stock as part of their compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider trading activity, which is closely monitored for compliance and potential insights into management's view of the company's prospects.

Key Dates