Standex (SXI) CFO Sarcevic Ademir Exercises Awards; Withholds 1,919 Shares

What Happened

• Sarcevic Ademir, Vice President / Chief Financial Officer / Treasurer of Standex International (SXI), exercised/converted several derivative awards on Aug 21, 2026 and had shares withheld/sold to cover taxes and obligations. The filing shows tax-withholding dispositions of 223, 667, 327, 375 and 327 shares (total 1,919 shares) at $310.28 per share for combined withholding proceeds of about $595,428. An additional 798 shares were surrendered to the issuer (disposition to issuer).
• On Aug 23, 2026 Ademir received equity awards (derivative units) totaling 14,437 units (1,933 + 1,933 + 10,571) under the company’s incentive plans (RSUs, PSUs and/or Phantom Stock per footnotes).

Key Details

• Transaction dates: Exercises/conversions and tax-withholdings on 2026-08-21; new grants/awards on 2026-08-23; Form 4 filed 2026-08-25 (filed within the two-business-day window for these dates).
• Tax withholding sales: 1,919 shares withheld at $310.28 each → ~$595,428 total withheld; plus 798 shares surrendered to issuer.
• Awards granted on 8/23 total 14,437 derivative units (RSUs/PSUs/Phantom Stock per footnotes).
• Shares owned after the transactions: not provided in the supplied data.
• Relevant footnotes: tax withholding/sales to cover taxes (F2); vesting/conversion of Phantom Stock, RSUs and Performance Share Units under the 2018 Omnibus and Management Stock Purchase Plans (F1, F3–F7). Some PSUs had performance achievement of 68% (where noted).

Context

• These transactions appear to be routine vesting/conversion and withholding activity rather than open-market purchases or voluntary sales: multiple awards vested or converted into shares and the company withheld/surrendered shares to satisfy tax obligations (common for RSU/PSU/phantom stock settlements).
• For retail investors: purchases are generally more informative as a bullish signal; this filing primarily reflects vesting and tax-withholding (not a cash purchase). The filing was timely.