secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000950170-24-119619
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATTEC grants CEO Jennifer Slater sign-on and annual equity awards under 2024 EIP
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- CEO Slater granted 12,618 restricted shares vesting July 1, 2025 and 25,236 restricted shares vesting in two equal tranches on July 1, 2026 and 2027.
- Slater also receives 16,878 restricted shares vesting in three equal annual installments starting Oct 25, 2025.
- Awards include 16,878 performance RSUs that may vest based on EBITDA percentage over a three-year period ending June 30, 2027.
- Grants made under the 2024 Equity Incentive Plan approved by shareholders on Oct 23, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017024119619/0000950170-24-119619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017024119619/strt-20241025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119619

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer