Arets Max 4

What Happened Max Arets, Vice President and Chief Information Officer of Standex International (SXI), had 132 shares forfeited to satisfy tax withholding tied to the vesting of previously issued restricted stock. The shares were disposed at a reported per-share value of $272.83, totaling approximately $36,014. This was a tax-withholding/forfeiture event (transaction code F), not an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-04-08; Filing date: 2026-04-10 (filed within the typical 2-business-day window).
• Shares forfeited/withheld: 132 at $272.83 per share — total ≈ $36,014.
• Transaction type/code: F — shares forfeited to pay tax liability on vested restricted stock.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 — confirms shares were forfeited to pay tax liability associated with vesting of previously issued restricted stock.

Context This was a routine tax-withholding event related to vesting, not an expression of bullish or bearish intent. Withholdings like this are common when restricted shares vest — companies often retain or cancel shares to cover the insider’s tax obligation rather than the insider selling shares on the open market.