Majdi Abulaban - 28 Feb 2022 Form 4 Insider Report for SUPERIOR INDUSTRIES INTERNATIONAL INC (SUP)

Role
CEO
Signature
/s/ Joanne Finnorn as Attorney-in-Fact
Issuer symbol
SUP
Transactions as of
28 Feb 2022
Net transactions value
-$1,101,851
Form type
4
Filing time
02 Mar 2022, 14:51:41 UTC
Previous filing
27 May 2021
Next filing
04 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUP Common Stock Award $0 +484,072 +80% $0.000000 1,086,893 28 Feb 2022 Direct F1
transaction SUP Common Stock Tax liability $823,126 -211,058 -19% $3.90 875,835 28 Feb 2022 Direct F2
transaction SUP Common Stock Options Exercise $0 +163,916 +19% $0.000000 1,039,751 28 Feb 2022 Direct
transaction SUP Common Stock Tax liability $278,725 -71,468 -6.9% $3.90 968,283 28 Feb 2022 Direct 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 SUP Restricted Stock Unit Options Exercise $0 -163,916 -34% $0.000000 321,006 28 Feb 2022 Common Stock 163,916 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 16, 2019, the Reporting Person received a grant of performance-based restricted stock units under the Company's 2019 Inducement Grant Plan which vest based on the achievement of certain financial goals. 484,072 performance-based restricted stock units vested and settled in shares of common stock and such shares were distributed to the Reporting Person on February 28, 2022.
F2 These shares were withheld solely for the purpose of paying taxes due upon the vesting and settlement of restricted stock units that were granted to the Reporting Person under the Company's 2019 Inducement Grant Plan.
F3 Each restricted stock unit represents a contingent right to receive one share of common stock of Superior Industries International, Inc.
F4 The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.