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

Role
CEO
Signature
/s/ Joanne Finnorn as Attorney-in-Fact
Stock symbol
SUP
Transactions as of
Feb 28, 2022
Transactions value $
-$1,101,851
Form type
4
Date filed
3/2/2022, 02:51 PM
Previous filing
May 27, 2021
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUP Common Stock Award $0 +484K +80.3% $0.00 1.09M Feb 28, 2022 Direct F1
transaction SUP Common Stock Tax liability -$823K -211K -19.42% $3.90 876K Feb 28, 2022 Direct F2
transaction SUP Common Stock Options Exercise $0 +164K +18.72% $0.00 1.04M Feb 28, 2022 Direct
transaction SUP Common Stock Tax liability -$279K -71.5K -6.87% $3.90 968K Feb 28, 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 -164K -33.8% $0.00 321K Feb 28, 2022 Common Stock 164K 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.