BENSTOCK MICHAEL 4
Research Summary
AI-generated summary
Superior Group (SGC) CEO Michael Benstock Gifts 59,132 Shares
What Happened
Michael Benstock, CEO and Director of Superior Group of Companies, reported a gift of 59,132 shares of the company's common stock on 2026-06-18. The shares were transferred as a bona fide gift to a donor-advised philanthropy fund; the reported price per share is $0.00 and the transaction value is $0.
Key Details
- Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (timely — within two business days).
- Transaction type/code: Gift (G); disposition reported as disposed.
- Shares transferred: 59,132; reported price: $0.00; reported value: $0.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: (F1) Transfer was a bona fide gift to a donor-advised fund with no consideration received. (F2) Certain shares were granted under restricted stock awards and remain subject to forfeiture; 193,571 such shares remain subject to forfeiture as of this filing.
Context
Gifts are not sales and generally do not signal the insider’s view on the company’s stock price; they are often used for estate planning or charitable purposes. Restricted shares subject to forfeiture remain subject to vesting or other conditions, which can affect an insider’s ultimate ownership.