STRATTEC (STRT) SVP & CFO Matthew Pauli Withholds 551 Shares for Taxes

What Happened

• Matthew Pauli, SVP & CFO of STRATTEC SECURITY CORP (STRT), had 551 shares withheld on 2026-08-22 to cover tax liabilities related to the vesting of restricted stock. The filing reports the withheld shares at $0.00 per share (total $0), indicating a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-08-22; filing date (Form 4): 2026-08-25 (timely).
• Transaction type/code: F — payment of exercise price or tax liability (shares withheld).
• Shares withheld: 551 shares; related to vesting of 1,172 restricted shares (per footnote).
• Price and reported value: $0.00 per share, $0 total in the filing.
• Footnote: Withheld shares were used to satisfy tax withholding upon vesting; transaction exempt under Rule 16b-3.
• Shares owned after transaction: Not specified in the provided summary of the filing.

Context

• This was a tax-withholding event (common when restricted stock vests), not an open-market sale or purchase. Such withholdings are routine and are typically exempt under Rule 16b-3, so they don’t necessarily indicate insider sentiment about the company’s stock.