Eric Sills, CEO and President of Standard Motor Products, Inc., filed a Form 4 on November 12, 2026, reporting two Common Stock transactions dated November 9 and November 10, 2026.

Key Highlights

  • Award vesting: Sills acquired 2,396 shares of Common Stock on November 9, 2026, at $0, upon the vesting of a performance share award originally granted in October 2023 under the Company's Amended and Restated 2016 Omnibus Incentive Plan.
  • Tax-cover sale: On November 10, 2026, Sills disposed of 2,835 shares at a weighted average price of $44.2 per share in a broker-assisted sale to cover withholding tax liability incurred upon vesting.
  • Sale price range: According to the filing, the November 10 sale was executed in multiple trades at prices ranging from $43.96 to $44.31.
  • Direct ownership after transactions: Following the reported transactions, Sills directly held 184,041 shares of Common Stock, plus an additional 8,693 ESOP shares beneficially owned directly.
  • Indirect holdings: The filing also reports 258,156 shares held indirectly by a trust in which Sills is a beneficiary, and 191,094 shares held in a trust of which Sills is trustee and his children are beneficiaries, with Sills disclaiming beneficial ownership of the latter.
  • Issuer and exchange: The issuer is Standard Motor Products, Inc., trading on NYSE:SMP.

Sills Transaction Details: Performance Award Vesting and Withholding Tax Sale

According to the Form 4 filing, Eric Sills, who serves as both a Director and CEO and President of Standard Motor Products, Inc. (NYSE:SMP), reported two transactions in Common Stock occurring on consecutive days. On November 9, 2026, Sills acquired 2,396 shares at $0 through the vesting of a performance share award that had been issued to him in October 2023 under the Company's Amended and Restated 2016 Omnibus Incentive Plan. Following that acquisition, his direct beneficial ownership stood at 186,876 shares.

On November 10, 2026, the filing discloses that Sills disposed of 2,835 shares in a broker-assisted sale at a weighted average price of $44.2 per share. The filing states that this transaction was carried out "to cover the payment of withholding tax liability incurred upon the vesting of restricted stock and performance share awards" issued under both the Amended and Restated 2016 Omnibus Incentive Plan and the 2025 Omnibus Incentive Plan. The sale was executed in multiple trades at prices ranging from $43.96 to $44.31. After this disposal, Sills' direct holdings totaled 184,041 shares.

Beyond his direct holdings and 8,693 ESOP shares, the filing identifies two categories of indirect ownership. A trust in which Sills is a beneficiary holds 258,156 shares, and a separate trust of which Sills is trustee, with his children as beneficiaries, holds 191,094 shares. The filing notes that Sills disclaims beneficial ownership of those 191,094 shares, stating that "the filing of this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose."

What Was Disclosed

Standard Motor Products CEO and President Eric Sills reported the vesting of 2,396 performance shares at no cost on November 9, 2026, followed by the broker-assisted sale of 2,835 shares on November 10, 2026, at a weighted average of $44.2 per share to satisfy withholding tax obligations.