Nicholas Ray 4
4 · STANDARD MOTOR PRODUCTS, INC. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
STANDARD MOTOR PRODUCTS (SMP) CIO Nicholas Ray Sells 1,950 Shares
What Happened
Nicholas Ray, Chief Information Officer and VP IT of STANDARD MOTOR PRODUCTS (SMP), sold 1,950 shares in an open-market, broker-assisted transaction on 2026-06-01. The weighted average sale price was $38.28 per share for total proceeds of approximately $74,646. This was a sale (routine) to cover tax withholding related to the vesting of restricted stock awards, not a purchase signaling additional insider accumulation.
Key Details
- Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-02) — filing appears timely.
- Sale details: 1,950 shares sold; weighted average price $38.28; executed in multiple trades at prices ranging $37.93–$38.87.
- Shares owned after transaction: Not disclosed on the Form 4.
- Footnotes: F1 — broker-assisted sale to cover withholding tax on vested restricted stock awards; F2 — ESOP shares beneficially owned (allocations/dispositions may have occurred since last report).
- Reason: Tax withholding (routine disposition), not labeled as a 10b5-1 plan or gift.
Context
This transaction was a cash-generating sale to satisfy tax obligations from vested restricted shares (a common and routine insider sale). Such withholding-related sales generally do not indicate the insider is reducing an investment position for other reasons; they reflect compensation vesting mechanics.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-01$38.28/sh−1,950$74,646→ 41,149 total
- 5,627
Common Stock
[F2]
Footnotes (2)
- [F1]This transaction was a broker-assisted sale of shares to cover the payment of withholding tax liability incurred upon the vesting of restricted stock awards issued to the reporting person under the Company's Omnibus Incentive Plans. This transaction was executed in multiple trades at prices ranging from $37.93 to $38.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.