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

Role: President & CEO, Director
Signature: /s/ J. Bret Treier, via Power of Attorney
Stock symbol: STRT
Transactions as of: Oct 25, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/29/2024, 05:00 PM
Previous filing: Jul 5, 2024

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	+12.6K		$0.00	12.6K	Oct 25, 2024	Direct	F1
transaction	STRT	Common Stock, par value $0.01 per share	Award	$0	+25.2K	+200%	$0.00	37.9K	Oct 25, 2024	Direct	F2
transaction	STRT	Common Stock, par value $0.01 per share	Award	$0	+16.9K	+44.59%	$0.00	54.7K	Oct 25, 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	+16.9K		$0.00	16.9K	Oct 25, 2024	Common Stock, par value $0.01 per share	16.9K		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.