Broccole Carmine Joseph 4

What Happened Carmine Broccole, Chief Legal Officer and Secretary of Standard Motor Products (SMP), received a grant of 3,011 restricted shares on February 24, 2026 (reported on Form 4). On the same date, 3,657 shares were withheld/disposed to satisfy tax withholding obligations at a reported price of $44.19 per share, totaling $161,603. The grant is reported as an award/acquisition (code A) and the withholding as a tax-withholding disposition (code F).

Key Details

• Transaction date: February 24, 2026; Form 4 filed February 26, 2026.
• Grant: 3,011 shares acquired at $0.00 (restricted stock award under the 2025 Omnibus Incentive Plan; exempt under Rule 16b-3(d)).
• Withholding: 3,657 shares disposed at $44.19 each for tax withholding — reported value $161,603; exempt under Rule 16b-3(e).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 = restricted stock grant exempt under Rule 16b-3(d); F2 = shares withheld for tax obligations, price equals closing market price on 2/24/2026; F3 = ESOP shares noted as beneficially owned.
• Filing timeliness: Form 4 filed two days after the transaction date (Feb 26, 2026).

Context This was a typical restricted stock award with shares withheld to cover required tax withholding — a common administrative disposition rather than an open-market sale. Such tax-withholding disposals generally do not indicate a deliberate sell signal by the insider. The acquisition was an award (not an option exercise or market purchase), and the withheld shares were used solely to satisfy taxes per the plan terms.