CHORMAN THOMAS E 4
Research Summary
AI-generated summary
Standex (SXI) Director Thomas E. Chorman Sells 513 Shares
What Happened
Thomas E. Chorman, a director of Standex International Corp. (SXI), reported the sale of 513 common shares on February 27, 2026. The shares were sold at $260.00 each, generating proceeds of approximately $133,380. The transaction is reported as a sale (code S) and listed as an "open market or private sale" on the Form 4.
Key Details
- Transaction date and price: 2026-02-27 — 513 shares at $260.00 per share.
- Total value: ≈ $133,380.
- Transaction type: Sale (reported as "open market or private sale").
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing date: 2026-03-02 — filed within the Form 4 reporting window (timely).
- Footnotes/plans: No 10b5-1 plan, tax withholding, or other special footnotes indicated in the excerpt.
Context
Insider sales are often routine (liquidity, tax, diversification) and do not by themselves indicate a change in company fundamentals. Purchases tend to be more informative about insider confidence. This Form 4 shows a straightforward sale by a director; no option exercises, gifts, or derivative transactions are reported in the provided excerpt.