Broccole Carmine Joseph 4/A

What Happened
Carmine Broccole, Chief Legal Officer & Secretary of Standard Motor Products (SMP), had a total of 6,591 shares disposed of to satisfy option exercise/payment of tax liabilities: 5,049 shares withheld on 2026-02-24 at a reported price of $44.19 (≈ $223,115) and 1,542 shares withheld on 2026-03-01 at $39.68 (≈ $61,187). These dispositions were for payment of exercise price or tax withholding (transaction code F) rather than open-market sales.

Key Details

• Transaction dates & values:
  • 2026-02-24: 5,049 shares withheld at $44.19 — $223,115 (price = closing price on 2/24/2026).
  • 2026-03-01: 1,542 shares withheld at $39.68 — $61,187 (price = closing price on 2/27/2026, the last trading day before vesting).
• Total shares withheld: 6,591; total value ≈ $284,302.
• Shares owned after transaction: Not specified in the summary provided here—see the amended Form 4 for updated beneficial ownership.
• Footnotes: This is an amended Form 4 correcting the number of shares withheld due to an administrative error by the equity plan administrator (Footnotes F1 & F2). Each transaction is reported as exempt from Section 16(b) under Rule 16b-3(e).
• Filing timeliness: The filing is an amendment (filed 2026-03-27) correcting earlier Form 4s filed shortly after each transaction; the original filings appear to have been filed within the usual 2-business-day window.

Context
These were net-share-withholding transactions to satisfy option exercise costs or tax liabilities (a common administrative/cashless-settlement method), not open-market sales. Such withholdings are routine and typically reflect plan mechanics rather than an active decision to liquidate holdings; they should be interpreted differently than discretionary sales.