Standex (SXI) CHRO Michelle Newbury Exercises Options, Receives Awards

What Happened
Michelle Newbury, Chief Human Resources Officer and VP of Standex International (SXI), had several equity events reported for Aug 21–23, 2026. On Aug 21 she converted/exercised derivatives for 126 shares (reported as "M" transactions) and 36 shares were disposed at $310.28 each to satisfy tax withholding obligations (total = $11,170). On Aug 23 she was granted three awards (reported as "A" transactions) totaling 2,689 shares: 360, 360 and 1,969 share-equivalents (derivative awards/units).

Key Details

• Transaction dates: Exercises/conversions and tax withholding on 2026-08-21; grants on 2026-08-23.
• Tax withholding sale: 36 shares sold at $310.28 for $11,170 to cover taxes (footnote F2).
• Awards: Total of 2,689 share-equivalents granted (360 + 360 + 1,969); some awards are restricted stock units (RSUs) and some are performance share units (PSUs) per the footnotes.
• Footnotes summary:
  • F1: Vesting of RSUs under the 2018 Omnibus Incentive Plan.
  • F2: Shares sold to pay taxes on vesting.
  • F3: PSUs cliff-vest after a three-year performance period with payout 0–250% based on performance.
  • F4: RSUs that vest one-third per year on each anniversary.
  • F5: Premium-priced stock option described (strike = 10% above market; vests 25% per year over 4 years).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Filing timeliness: Transactions dated Aug 21 were reported on Form 4 filed Aug 25, 2026 — this appears to be within the typical two-business-day reporting window.

Context

• The Aug 21 disposals were routine tax-withholding sales rather than open-market sell orders and therefore are not necessarily a bearish signal.
• The Aug 23 grants include time- and performance-based awards: RSUs that vest annually and PSUs that cliff-vest after three years with a performance-based multiplier (0–250%), so their ultimate value depends on future performance.
• The "M" entries indicate conversion/exercise of derivatives (options or similar); the filing does not show a large open-market purchase or sale beyond the tax withholding.
• No late filing flag is indicated in the supplied data.