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

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, 16:26:38 UTC
Next filing
08 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGC Common Stock Award +30,851 +387% 38,825 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 +30,851 30,851 01 Jul 2021 Common Stock 30,851 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is a restricted stock award in which 18,510 shares vest on the third anniversary of the grant date, 6,170 shares vest on the fourth anniversary of the grant date and 6,171 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 30,851 performance shares under the issuer's 2013 Incentive Stock and Awards Plan. The performance shares vest December 31, 2026 if Mr. Himelstein 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.