Spencer Loreen M 4
Research Summary
AI-generated summary
Superior Group (SGC) Director Spencer Loreen Receives Restricted Stock Award
What Happened
Spencer Loreen, a director of Superior Group of Companies, Inc. (SGC), was granted a restricted stock award of 9,583 shares on 2026-05-07. The filing reports a grant-date closing price of $12.00, implying a grant-date value of approximately $114,996 (~$115k). This was an award (compensation), not an open-market purchase or sale, and the shares are subject to forfeiture until they vest on 05/07/2029.
Key Details
- Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the standard 2 business-day window).
- Shares granted: 9,583 restricted shares; grant-date closing price: $12.00; implied grant value: ~$114,996.
- Vesting: Restricted stock vests on the third anniversary of the grant (05/07/2029).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: (F3) The filing notes certain shares are subject to forfeiture and that 22,194 shares continue to be subject to forfeiture as of the filing date (aggregate/other awards referenced).
- Transaction type code: A = Award/Grant.
Context
Restricted stock awards are a common form of compensation for executives and directors; they are not immediate purchases or sales and typically cannot be sold until vesting conditions are met. Such grants signal compensation alignment with long-term performance but should not be interpreted alone as a personal bullish or bearish market signal.