CANNON CHARLES H JR 4
Research Summary
AI-generated summary
Standex (SXI) Director Charles H. Cannon Jr. Sells Shares
What Happened
- Charles H. Cannon Jr., a director of Standex International Corporation (SXI), sold 2,000 shares in an open-market transaction on February 9, 2026. The shares were sold at $256.64 per share for a total proceeds of $513,280. This was a sale (S), which is typically a routine disposition rather than a bullish signal.
Key Details
- Transaction date and price: 2026-02-09 — 2,000 shares sold at $256.64 each.
- Total value: $513,280.
- Transaction code: S (Sale).
- Shares owned after transaction: Not specified in the summary provided; see the full Form 4 for post-transaction holdings.
- Footnotes/plan details: Filing does not indicate a 10b5-1 plan or tax-withholding disposition in the provided summary.
- Filing timeliness: The Form 4 was filed on 2026-02-20, 11 days after the trade date. Form 4s are normally due within two business days of the transaction; this filing appears late, which reduces the timeliness of disclosure.
Context
- Sales by directors can reflect routine portfolio management or tax reasons and are generally less informative about company prospects than insider purchases. Retail investors should view this as a disclosed sale and may want to monitor for further insider activity or review the full filing for complete holdings and any explanatory footnotes.