DEMOTT ANDREW D JR 4
Research Summary
AI-generated summary
Superior Group (SGC) Director Andrew DeMott Jr Receives Award
What Happened
Andrew DeMott Jr, a director of Superior Group of Companies, Inc. (SGC), was granted a restricted stock award of 9,583 shares on May 7, 2026 (transaction code A). The grant price is reported using the closing NASDAQ price on the grant date of $12.00 per share, giving the award a grant-date value of approximately $114,996 (~$115K). This award is a compensation grant (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the required 2 business days).
- Transaction type/code: Award (A) — restricted stock grant.
- Shares granted: 9,583; grant-date closing price: $12.00; grant-date value ≈ $114,996.
- Vesting/forfeiture: Vests on the third anniversary (05/07/2029); certain shares are subject to forfeiture.
- Footnote: 29,731 shares continue to be subject to forfeiture as of this filing (these include certain restricted shares previously granted).
- Shares owned after transaction: Not specified in the filing.
Context
Restricted stock awards are compensation and generally subject to forfeiture until they vest, so they do not represent an immediate market purchase or sale. Such grants are routine for directors and reflect compensation rather than a direct signal to buy or sell stock.