Standex (SXI) VP Danielle Rangel Receives Awards, Sells Shares for Taxes

What Happened

• Danielle Rangel, Vice President and Chief Accounting Officer of Standex International (SXI), reported vesting/conversion of company equity awards and related share dispositions to cover taxes. On August 21, 2026 she exercised/converted several derivative awards (phantom stock / related units) and on August 23, 2026 she was granted two awards (146 shares each). To satisfy tax withholding obligations, she sold a total of 68 shares at $310.28 per share on August 21, 2026, generating proceeds of $21,098 (sum of $8,067 + $3,723 + $3,413 + $5,895 as reported). The exercises/conversions and grant entries are reported at N/A for per-share exercise price (derivative transactions).

Key Details

• Transaction dates: exercise/conversions and tax-withholding sales on 2026-08-21; new grants on 2026-08-23. Filing date: 2026-08-25 (Form 4).
• Tax-withholding sales: 26 shares ($8,067), 12 shares ($3,723), 11 shares ($3,413), 19 shares ($5,895) — all at $310.28/share, total $21,098.
• Derivative exercises/conversions reported (Aug 21): entries for 85, 39 and 69 shares (reported as acquired or derivative dispositions; per-share price shown as N/A).
• Grants (Aug 23): two awards of 146 shares each (total 292 shares) reported as acquisitions (derivative/awards).
• Shares owned after the transactions: not disclosed in the excerpt of the filing.
• Notable footnotes: F1/F4 indicate phantom stock vesting with actual achievement at 68% (awards originally granted at different target levels); F2 notes shares sold to pay taxes; F3/F5/F6 reference RSU and performance-share grant/vesting schedules (one‑third annual vesting for certain RSUs; PSUs cliff-vest after three years with 0–250% payout).
• Filing timeliness: Form 4 was filed on 2026-08-25 for transactions on 8/21 and 8/23; the filing appears to be within required business-day filing windows (not marked late in the filing).

Context

• These transactions reflect awards vesting/conversion and routine tax-withholding dispositions, not open-market selling for investment purposes. Tax-withholding or share-withholding to satisfy payroll taxes is common and does not necessarily indicate insider sentiment about the company. The filings include derivative/phantom stock activity (converted to shares) and newly granted RSUs/performance-related awards; some awards are performance-based (0–250% payout range) or vest over multiple years.