Nicholas Ray 4

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.