Standex (SXI) CLO Alan J. Glass Exercises Awards; Sells 1,121 Shares

What Happened

• Alan J. Glass, Chief Legal Officer (also VP & Secretary) of Standex International (SXI), reported exercises/vestings of multiple derivative awards on 2026-08-21 and an award on 2026-08-23. Tranches shown include 912, 863, 395 and 342-share conversions/vestings. To satisfy tax withholding obligations, 393, 392, 180 and 156 shares were sold at $310.28 each, generating proceeds reported as $121,940; $121,630; $55,850; and $48,404 respectively (total ≈ $347,824). On 2026-08-23 he was reported as acquiring 524 shares under a plan award.

Key Details

• Transaction dates: primary activity on 2026-08-21 (exercises/vestings and tax-withhold sales) and an award recorded 2026-08-23; Form 4 filed 2026-08-25.
• Sale price for tax-withholding disposals: $310.28 per share; total proceeds from withheld/sold shares ≈ $347,824.
• Shares sold to cover taxes: 393 + 392 + 180 + 156 = 1,121 shares.
• Awards/exercises reported in tranches: 912, 863, 395, 342 shares (conversion/vesting of derivative awards); plus a 524-share grant on 8/23.
• Footnotes: tax withholding sales explicitly noted (F2); vesting of Phantom Stock/RSUs and performance awards subject to achievement (F1, F3–F6). F3/F5 indicate performance awards vested at 68% of target (where applicable).
• Shares owned after the transactions are not specified in the filing.

Context

• These filings reflect typical vesting/conversion of equity awards and subsequent tax-withholding sales (cashless/withhold), not an open-market discretionary sale. Codes: M = exercise/conversion of derivative award, F = shares disposed to pay taxes, A = grant/award, D = disposition to issuer.
• Such withholding transactions are routine for executives when restricted shares/phantom units vest; they are not necessarily a signal of bullish or bearish intent.