STRATTEC (STRT) VP Denis James Receives Stock Award

What Happened Denis James, VP, General Counsel and Secretary of STRATTEC Security Corp (STRT), was granted two awards on September 1, 2026: 1,721 shares of restricted common stock and 1,721 performance stock units (PSUs). Both awards were reported as acquisitions at an acquisition price of $0.00 (i.e., no cash paid). These are compensation grants rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-03 (Form 4 filed timely).
• Grant type/codes: A = Award/Grant; one award is restricted stock (direct), the other is a derivative award (PSUs).
• Amounts: 1,721 restricted shares; 1,721 performance stock units.
• Price/consideration: $0.00 reported for both acquisitions (typical for equity awards).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: Restricted stock vests pro rata over three years (one-third on each anniversary: 9/1/2027, 9/1/2028, 9/1/2029).
  • F2: Each PSU is a contingent right to one share based on STRATTEC’s EBITDA performance over a three-year period ending 7/1/2029, with a modifier based on relative total shareholder return.
• No indication in the filing of tax-withholding shares, a 10b5-1 plan, or a late filing.

Context Restricted stock grants give the officer current ownership subject to vesting conditions; the shares become outright only as they vest. Performance stock units are contingent — they convert to actual shares only if performance metrics are met during the performance period, so they may never pay out or could pay out at a reduced/enhanced level depending on results and TSR adjustment. These types of awards are routine executive compensation and are not the same signal as an open-market purchase or sale.