BENSTOCK MICHAEL 4/A
Research Summary
AI-generated summary
SUPERIOR (SGC) CEO Michael Benstock Gifts 92,548 Shares
What Happened
- Michael Benstock, CEO and director of Superior Group of Companies, Inc. (SGC), transferred 92,548 shares of common stock as a bona fide gift on June 18, 2026. The filing reports $0.00 per share and $0 total consideration because this was a gift (transaction code G).
- The Form 4A is an amended filing: the originally reported transfer was 59,132 shares and has been corrected to 92,548 shares. Footnotes state no payment was received for the transfer and that certain shares are restricted — 193,571 shares remain subject to forfeiture as of the filing date.
Key Details
- Transaction date: 2026-06-18; Filing (amendment) date: 2026-06-23 (Form 4A).
- Transaction type/code: Gift (G). Reported price: $0.00 per share; reported value: $0.
- Shares transferred/disposed: 92,548 (amended from 59,132).
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes: transfer to a donor-advised philanthropy fund (no consideration); some shares are restricted and 193,571 remain subject to forfeiture.
- Filing status: Amended Form 4A to correct the number of shares transferred.
Context
- Gifts (code G) are transfers for charitable or personal reasons and do not necessarily reflect the insider’s view of the company’s near-term prospects. They are common for tax and philanthropic planning.
- For retail investors, purchases usually signal more informative insider conviction than gifts or routine transfers.