CEO Benstock Michael exercised 111,917 shares at a strike of $10.97, returned $1,127,751 worth of shares to the company (74,735 units at $15.09) and covered exercise/tax liability with 6,924 shares, increasing direct ownership by 5% to 614,106 units (SEC Form 4)
$SGC
Apparel
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SUPERIOR GROUP OF COMPANIES, INC. [ SGC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/03/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/03/2025 | M | 9,115(1) | A | $10.97 | 592,963(2) | D | |||
| Common Stock | 02/03/2025 | M | 102,802(3) | A | $10.97 | 695,765(2) | D | |||
| Common Stock | 02/03/2025 | D | 74,735(4) | D | $15.09 | 621,030(2) | D | |||
| Common Stock | 02/03/2025 | F | 6,924(5) | D | $15.09 | 614,106(2) | D | |||
| Common Stock | 397,006 | I | Held in an Irrevocable Trust of which the reporting person disclaims beneficial ownership | |||||||
| Common Stock | 22,000 | I | Spouse | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Options (Right to Buy) | $10.97 | 02/03/2025 | M | 9,115 | 02/07/2022 | 02/07/2025 | Common Stock | 9,115 | $0 | 0 | D | ||||
| Stock Appreciation Rights | $10.97 | 02/03/2025 | M | 102,802 | 02/07/2022 | 02/07/2025 | Common Stock | 102,802 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. Shares acquired upon exercise of stock options. |
| 2. Certain of these shares were granted under restricted stock awards and are subject to forfeiture. Of such shares, 169,949 continue to be subject to forfeiture as of the date of this filing. |
| 3. Shares acquired upon exercise of stock-settled stock appreciation rights. |
| 4. Shares disposed of to the issuer to cover the exercise price of the exercised stock-settled stock appreciation rights. |
| 5. Shares withheld by the issuer to cover applicable withholding taxes related to the exercise of the stock-settled stock appreciation rights. |
| /s/ Melinda Barreiro | 02/05/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||