Dale Burks - 09 Mar 2023 Form 4 Insider Report for STANDARD MOTOR PRODUCTS, INC. (SMP)

Signature
/s/ Dale Burks
Issuer symbol
SMP
Transactions as of
09 Mar 2023
Net transactions value
-$135,552
Form type
4
Filing time
09 Mar 2023, 17:54:30 UTC
Previous filing
27 Sep 2022
Next filing
26 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMP Common Stock Sale $135,552 -3,530 -6.8% $38.40 48,219 09 Mar 2023 Direct F1
holding SMP Common Stock 9,461 09 Mar 2023 See note F2
holding SMP Common Stock 4,759 09 Mar 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was a broker-assisted sale of shares to cover the payment of withholding tax liability incurred upon the vesting of a restricted stock award issued to the reporting person under the Company's Amended and Restated 2016 Omnibus Incentive Plan. This transaction was executed in multiple trades at prices ranging from $38.12 to $38.70. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares at which the transaction was effected.
F2 These shares are owned directly by DKB Family Holdings, LLC ("DKB Holdings"), and indirectly by the reporting person, who is an officer of the issuer and an officer and manager of DKB Holdings.
F3 ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.