Standard Motor (SMP) CIO sells 5,822 shares at $39.75
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STANDARD MOTOR PRODUCTS, INC. executive Nicholas Ray, the CIO & VP IT, reported an open-market sale of 5,822 shares of Common Stock at a weighted average price of $39.75 per share. The transaction was executed in multiple trades at prices ranging from $39.75 to $39.83.
After this sale, Ray directly held 35,327 shares of Common Stock. A separate entry shows 5,627 ESOP shares beneficially owned, with allocations or dispositions potentially changing since his prior ownership report.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,822 shares ($231,425)
Net Sell
2 txns
Insider
Nicholas Ray
Role
CIO & VP IT
Sold
5,822 shs ($231K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,822 | $39.75 | $231K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,327 shares (Direct, null)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $39.75 to $39.83. 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 and prices at which the transaction was effected. ESOP shares beneficially owned. Allocations and/or dispositions may have occurred since the date of the reporting person's last ownership report.
Key Figures
Shares sold: 5,822 shares
Weighted average sale price: $39.75 per share
Trade price range: $39.75–$39.83
+2 more
5 metrics
Shares sold
5,822 shares
Open-market sale of Common Stock
Weighted average sale price
$39.75 per share
Common Stock sale on 2026-06-08
Trade price range
$39.75–$39.83
Multiple trades comprising the reported sale
Direct holdings after sale
35,327 shares
Common Stock directly owned post-transaction
ESOP shares beneficially owned
5,627 shares
Employee stock ownership plan position
Key Terms
weighted average sale price, ESOP, beneficially owned, open-market sale
4 terms
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
ESOP financial
"ESOP shares beneficially owned."
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
beneficially owned financial
"ESOP shares beneficially owned."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did SMP executive Nicholas Ray report?
Nicholas Ray reported an open-market sale of 5,822 shares of STANDARD MOTOR PRODUCTS Common Stock. The sale was disclosed in a Form 4 and reflects a weighted average price of $39.75 per share across multiple trades.
What is Nicholas Ray’s role at STANDARD MOTOR PRODUCTS (SMP)?
Nicholas Ray serves as Chief Information Officer and Vice President of IT at STANDARD MOTOR PRODUCTS. His Form 4 filing reflects insider activity in company Common Stock associated with this executive position.
What does the ESOP reference mean in Nicholas Ray’s SMP filing?
The filing notes 5,627 ESOP shares beneficially owned by Nicholas Ray. It explains that allocations or dispositions within the employee stock ownership plan may have occurred since his last ownership report, affecting this ESOP-related position over time.