BENSTOCK MICHAEL 4

What Happened
Michael Benstock, CEO and director of Superior Group of Companies, Inc. (SGC), was granted 120,000 restricted shares on 2026-05-07 (transaction reported on Form 4). The award has no per-share purchase price (code A); using the issuer's May 7, 2026 closing price of $12.00, the grant had an indicative market value of about $1,440,000. This grant is compensation (an award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Form 4 filed 2026-05-11 (filed within the two-business-day window required for Form 4s).
• Grant type/code: Restricted stock award (code A); acquisition price: N/A.
• Indicative market value at grant: 120,000 × $12.00 = $1,440,000 (based on closing price on grant date).
• Vesting/forfeiture: Vests on the third anniversary (05/07/2029); shares are subject to forfeiture until vested.
• Footnote: The filing notes that, as of the filing date, 193,571 shares continue to be subject to forfeiture (this likely reflects outstanding restricted shares, per the filing).
• Shares beneficially owned after the transaction: not specified in the provided filing excerpt.

Context
Restricted stock awards are a common form of executive compensation and typically vest over time; they are not direct buy/sell signals like open-market purchases or sales. This grant increases Benstock’s potential future stake once vested but is subject to forfeiture until 05/07/2029.