KOEMPEL MICHAEL 4
Research Summary
AI-generated summary
SUPERIOR GROUP (SGC) CFO Michael Koempel Sells 5,810 Shares to Cover Taxes
What Happened Michael Koempel, Chief Financial Officer of Superior Group of Companies (SGC), had 5,810 shares withheld by the issuer on Feb 3, 2026 to cover applicable withholding taxes tied to the vesting of a restricted stock award. The shares were valued at $9.98 each, for a total of $57,984. This is a tax-withholding disposition (routine) rather than an open-market sale by the insider.
Key Details
- Transaction date and price: Feb 3, 2026 — 5,810 shares withheld at $9.98 per share (total $57,984).
- Transaction type/code: Tax withholding related to restricted stock vesting (code F).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — shares withheld by issuer to cover withholding taxes; F2 — some shares were granted under restricted stock awards and 54,351 of those shares remain subject to forfeiture as of this filing.
- Filing timeliness: Reported on Feb 5, 2026 for a Feb 3 transaction (filed within the Form 4 reporting window).
Context This was a cashless tax-withholding action associated with vested restricted stock, a common administrative step that does not necessarily indicate an insider's change in market sentiment. Because some vested shares remain subject to forfeiture, not all granted shares are fully vested or freely tradable.