Standex (SXI) CEO David Dunbar Exercises Awards, Sells Shares for Taxes

What Happened

• David A. Dunbar, President, CEO and Chairman of Standex International (SXI), converted/received multiple equity awards (phantom stock/RSUs/PSUs) and had shares withheld/sold to cover withholding tax. On Aug 21, 2026 he effected conversions/exercises that generated shares and 6,149 shares were surrendered/sold at $310.28 per share to satisfy tax obligations, producing proceeds of about $1,907,911. On Aug 23, 2026 he was credited with additional vested awards totaling 46,811 shares (2,285 + 7,156 + 4,770 + 32,600).

Key Details

• Transaction dates: Aug 21, 2026 (exercises/conversions and tax-withholding sales) and Aug 23, 2026 (award vesting).
• Tax-withholding disposal: 6,149 shares sold/surrendered at $310.28 per share for total proceeds ≈ $1,907,911.
• Awards received/vested on Aug 23: 46,811 shares (phantom stock, restricted stock units, and performance share units).
• Many derivative/award entries show "N/A" price because these were vesting/conversions of phantom stock, RSUs or PSUs (not open-market buys).
• Notable footnotes: PSUs/phantom stock tied to the company’s 2018 Omnibus Incentive Plan and Management Stock Purchase Plan; some PSUs vested at 68% of target achievement. Several entries reflect tax-withholding or share surrender to the issuer.
• Filing timeliness: Form 4 was filed on Aug 25, 2026 — a timely filing (within the required two business days following the Aug 21 transactions).
• Shares owned after transaction: not specified in the provided filing details.

Context

• These transactions are largely vesting and tax-withholding events (common with executive compensation). The withholding/surrender of 6,149 shares to cover taxes is a routine disposition (code F) rather than an open-market sale driven by personal liquidity needs.
• For retail investors: vesting/award receipts indicate compensation realized by management but do not by themselves signal a buy/sell view on the stock. Purchases would be more meaningful as potential bullish signals; these entries are largely administrative (vesting and tax withholding).