Jennifer Lynn Slater - 25 Oct 2024 Form 4 Insider Report for STRATTEC SECURITY CORP (STRT)

Role
President & CEO, Director
Signature
/s/ J. Bret Treier, via Power of Attorney
Issuer symbol
STRT
Transactions as of
25 Oct 2024
Net transactions value
$0
Form type
4
Filing time
29 Oct 2024, 17:00:13 UTC
Previous filing
05 Jul 2024
Next filing
30 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRT Common Stock, par value $0.01 per share Award $0 +12,618 $0.000000 12,618 25 Oct 2024 Direct F1
transaction STRT Common Stock, par value $0.01 per share Award $0 +25,236 +200% $0.000000 37,854 25 Oct 2024 Direct F2
transaction STRT Common Stock, par value $0.01 per share Award $0 +16,878 +45% $0.000000 54,732 25 Oct 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STRT Performance Restricted Stock Units Award $0 +16,878 $0.000000 16,878 25 Oct 2024 Common Stock, par value $0.01 per share 16,878 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of shares of restricted stock which vest on July 1, 2025.
F2 Grant of shares of restricted stock which vest in equal portions on on July 1, 2026 and July 1, 2027.
F3 Grant of shares of restricted stock which vest pro rata over three years on each anniversary of the grant date (i.e., one-third vest on each of October 25, 2025, October 25, 2026, and October 25, 2027).
F4 Each performance restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock based upon the Issuer's EBITDA percentage over a three-year performance period ending June 27, 2027.