STRATTEC (STRT) SVP/CFO Matthew Pauli Receives 6,180-Unit Award

What Happened Matthew Pauli, SVP and Chief Financial Officer of STRATTEC Security Corp (STRT), received two awards on 2026-09-01: 3,090 restricted shares of common stock and 3,090 performance stock units. Both transactions are reported as acquisitions (code A) at a reported price of $0.00. The restricted shares are a direct grant; the performance stock units (derivative) are contingent rights that may convert to common shares if specified performance goals are met.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (timely filing).
• Grants: 3,090 restricted stock shares (RSUs) and 3,090 performance stock units (PSUs); reported acquisition price $0.00 for each.
• Vesting for RSUs: vest pro rata over three years — 1/3 on each anniversary (Sep 1) of 2027, 2028 and 2029. (Footnote F1)
• PSUs: contingent right to one share per PSU based on STRATTEC's EBITDA over a three-year performance period ending July 1, 2029, with a modifier for relative total shareholder return. (Footnote F2)
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding sale, or other special instructions were indicated in the provided notes.

Context

• This is a compensation grant (non-cash award), not an open-market purchase or sale; such awards are routine components of executive pay and are not direct market bets by the insider.
• The RSUs will become actual shares on scheduled vesting dates; the PSUs will convert to shares only if performance metrics are met at the end of the performance period.