CHORMAN THOMAS E 4
Research Summary
AI-generated summary
Standex (SXI) Director Thomas E. Chorman Sells 50 Shares
What Happened Thomas E. Chorman, a director of Standex International Corp. (SXI), sold 50 shares in an open-market transaction on April 1, 2026. The shares were disposed at $257.94 per share for a total proceeds of $12,897. This was a sale (not a purchase); such sales are often routine and do not by themselves indicate a change in the company’s fundamentals.
Key Details
- Transaction date and price: 2026-04-01, 50 shares at $257.94 each.
- Total proceeds: $12,897.
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Footnote: Sale executed pursuant to an existing 10b5-1 trading plan dated November 6, 2025 (pre-arranged plan).
- Timeliness: Filing date listed as 2026-04-03; no late-filing flag indicated in the provided data.
Context A 10b5-1 plan allows insiders to sell shares according to a pre-set schedule and is commonly used to avoid questions about timing — such sales are generally considered routine. For retail investors, single small insider sales like this are typically less informative than buys or larger disposals by executives or 10% owners.