Dale Burks - Nov 9, 2023 Form 4 Insider Report for STANDARD MOTOR PRODUCTS, INC. (SMP)

Signature
/s/ Dale Burks
Stock symbol
SMP
Transactions as of
Nov 9, 2023
Transactions value $
-$62,070
Form type
4
Date filed
11/13/2023, 02:00 PM
Previous filing
Oct 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMP Common Stock Award $0 +3.22K +6.17% $0.00 55.4K Nov 9, 2023 Direct F1
transaction SMP Common Stock Sale -$33.8K -985 -1.78% $34.28 54.5K Nov 10, 2023 Direct F2
transaction SMP Common Stock Sale -$28.3K -800 -1.47% $35.38 53.7K Nov 10, 2023 Direct F3
holding SMP Common Stock 9.46K Nov 9, 2023 See note F4
holding SMP Common Stock 5.07K Nov 9, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares granted upon the vesting of a performance share award issued to the reporting person in September 2020 under the Company's Amended and Restated 2016 Omnibus Incentive Plan.
F2 This transaction was a broker-assisted sale of shares to cover the payment of withholding tax liability incurred upon the vesting of restricted stock and a performance share award issued to the reporting person in September 2020 under the Company's Amended and Restated 2016 Omnibus Incentive Plan. This transaction was executed in multiple trades at prices ranging from $34.28 to $34.52. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was a broker-assisted sale of shares to cover the payment of withholding tax liability incurred upon the vesting of restricted stock and a performance share award issued to the reporting person in September 2020 under the Company's Amended and Restated 2016 Omnibus Incentive Plan.
F4 These shares are owned directly by DKB Family Holdings, LLC ("DKB Holdings"), and indirectly by the reporting person, who is an officer of the issuer and an officer and manager of DKB Holdings.
F5 ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.