Standex (SXI) CIO Max Arets Exercises Options, Receives Awards

What Happened
Max Arets, Vice President and Chief Information Officer of Standex International (SXI), exercised stock derivatives on August 21, 2026 (total 344 shares: 176 + 168). To cover tax withholding on the resulting shares, 84 shares were surrendered/sold (41 and 43 shares) at $310.28 each for proceeds of $12,721 and $13,342 (total ~$26,063). He also participated in small dividend reinvestment purchases (1.402 shares at $308.15 for $432 and 0.07 shares at $308.43 for $22). On August 23, 2026, Arets received awards/grants of 3,026 underlying shares (172 + 382 + 382 + 2,090) in the form of equity/derivative awards under the company’s omnibus incentive plan.

Key Details

• Transaction dates: Aug 21, 2026 (exercises, tax withholding, dividend reinvestment); Aug 23, 2026 (grants). Form 4 filed Aug 25, 2026 (within the usual 2-business-day window).
• Exercise: 344 shares converted (176 + 168).
• Tax-related dispositions: 41 shares ($12,721) and 43 shares ($13,342) sold/withheld at $310.28 each; total ≈ $26,063.
• Grants/awards on Aug 23: 3,026 shares awarded (172, 382, 382, 2,090) — reported as derivative/award grants.
• Dividend reinvestment purchases: 1.402 shares @ $308.15 ($432) and 0.07 shares @ $308.43 ($22).
• Shares owned after these transactions: not specified in the provided summary.
• Relevant footnotes from the filing indicate: dividend reinvestment (F1); RSU vesting (F2, F5); shares sold to pay taxes (F3); contingent/phantom stock from management purchase plan (F4); performance share units with 3-year cliff (F6); and premium-priced option terms (F7).

Context

• The exercises and the withholding/sale of some shares to cover taxes are common, routine outcomes of option/RSU vesting and do not necessarily signal a personal market view. The tax-related disposals appear to be withholding/sales to satisfy tax obligations rather than an open-market investment sale.
• The Aug 23 awards include restricted and performance-based equity that typically vest over time (some cliff or multi-year vesting per footnotes), so their ultimate value depends on future service and/or performance.
• Filing was made Aug 25 for transactions on Aug 21–23, which is within the normal 2-business-day Form 4 filing window.