Standard Motor Products (SMP) CIO Nicholas Ray Receives 2,490-Share Award

What Happened

• Nicholas Ray, Chief Information Officer & Vice President of IT at Standard Motor Products (SMP), received a grant of 2,490 restricted shares on February 24, 2026. The Form 4 reports the acquisition price as $0.00, reflecting an award of stock rather than an open-market purchase or sale. The grant is reported as exempt from Section 16(b) under Rule 16b-3(d).

Key Details

• Transaction date: 2026-02-24; Filing date: 2026-02-26 (appears timely).
• Transaction type/code: A — Grant/award of restricted stock.
• Shares granted: 2,490; reported acquisition price: $0.00.
• Footnote F1: Grant made under the Company’s 2025 Omnibus Incentive Plan and exempt from Section 16(b) per Rule 16b-3(d).
• Footnote F2: ESOP shares are noted as beneficially owned; allocations or dispositions may have occurred since the last ownership report.
• Shares owned after the transaction: not specified in the provided summary of the filing.

Context

• Restricted stock awards are typically compensation/retention tools and often vest over time; they are not immediate purchases and do not necessarily signal buying or selling intent by the insider. Because the grant was reported as an award (not a sale), there was no cash exchanged and no immediate market transaction.