STRATTEC (STRT) SVP Chey Becker-Varto Withholds 248 Shares for Taxes

What Happened

• Chey Becker-Varto, SVP & Chief Commercial Officer of STRATTEC SECURITY CORP (STRT), had 248 shares withheld on August 22, 2026 to satisfy tax withholding related to the vesting of restricted stock. The reported transaction shows 248 shares disposed at $0.00 (no cash proceeds reported). This is a tax-withholding action (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-22; Form 4 filed: 2026-08-25
• Transaction type/code: Tax withholding upon vesting (F)
• Shares withheld: 248; reported disposition value: $0.00
• Related vesting: withholding covers tax on 568 shares of restricted stock (footnote F1)
• Exemption: transaction noted as exempt under Rule 16b-3
• Shares owned after transaction: not provided in the supplied filing excerpt
• Timeliness: filing date provided; no late filing flag indicated in the supplied data

Context

• This is a routine tax-withholding event when restricted stock vests; the company retains (withholds) some shares to cover the insider’s tax liability. It is not an indication of a market sale or a new purchase and should be interpreted as a mechanical payroll/tax action rather than a signal of insider sentiment.