Philip Koosed - 01 Jul 2021 Form 4 Insider Report for SUPERIOR GROUP OF COMPANIES, INC. (SGC)

Role
President, BAMKO, LLC
Signature
/s/ Melinda Barreiro
Issuer symbol
SGC
Transactions as of
01 Jul 2021
Net transactions value
$0
Form type
4
Filing time
02 Jul 2021, 16:22:55 UTC
Next filing
08 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGC Common Stock Award +51,419 +166% 82,436 01 Jul 2021 Direct F1, F2

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 SGC Performance Share Award Award +51,419 51,419 01 Jul 2021 Common Stock 51,419 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Philip Koosed is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This is a restricted stock award in which 30,851 shares vest on the third anniversary of the grant date, 10,283 shares vest on the fourth anniversary of the grant date and 10,285 vest on the fifth anniversary of the grant date. This restricted stock award is subject to accelerated vesting as set forth in the award agreement.
F2 On July 1, 2021, the date such restricted stock award was granted, the closing price of the issuer's common stock on the NASDAQ was $24.31 per share.
F3 Refer to Footnote 4.
F4 Represents a grant of 51,419 performance shares under the issuer's 2013 Incentive Stock and Awards Plan. The Performance Shares vest on December 31, 2026 if Mr. Koosed remains continuously employed by the issuer or one of its subsidiaries through such date and if certain performance metrics are satisfied, subject to accelerated vesting as set forth in the award agreement.