Lattmann Susan E. 4
Research Summary
AI-generated summary
SUPERIOR (SGC) Director Susan E. Lattmann Receives Restricted Stock Award
What Happened
- Susan E. Lattmann, a director of SUPERIOR GROUP OF COMPANIES, INC. (SGC), was granted 9,583 restricted shares on 2026-05-07. The grant is reported as an award/acquisition (restricted stock), not an open-market purchase or sale.
- The filing lists no per-share acquisition price (N/A). The company’s closing price on the grant date was $12.00, valuing the award at about $114,996 (~$115K). The shares vest on the third anniversary of the grant (05/07/2029) and are subject to forfeiture until vesting.
Key Details
- Transaction date: 2026-05-07; Filing date: 2026-05-11 (filed 4 days later).
- Reported shares acquired: 9,583; per-share price: N/A; estimated value using $12 close: ~$114,996.
- Vesting: Restricted stock award vests 05/07/2029 (3-year vesting).
- Forfeiture note: Certain restricted shares remain subject to forfeiture — 22,194 such shares were still forfeitable as of this filing.
- Shares owned after transaction: Not disclosed in this Form 4.
- Timeliness: This Form 4 was filed after the typical 2-business-day reporting window for insiders (marked late).
Context
- Restricted stock awards are subject to vesting and forfeiture conditions; they are an acquisition via compensation, not an open-market purchase and do not by themselves indicate the insider is buying or selling stock for market exposure.
- The late filing is an administrative/timeliness matter for regulators and investors to note; it does not change the nature of the award described.