{
  "id": 20045897,
  "title": "Standard Motor Products CEO & president Sills sells $125,307 in shares",
  "url": "https://urgent.news/2026/11/14/standard-motor-products-ceo-president-sills-sells-125-307-in-shares",
  "topic": "world",
  "section": "World",
  "published": "2026-11-14T20:16:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/standard-motor-products-ceo--president-sills-sells-125307-in-shares-93CH-5027497"
  },
  "original_language": "en",
  "account": "Eric Sills, CEO and President of Standard Motor Products (NASDAQ:SMP), recently divested a portion of his holdings in the company. In a recent filing, it was disclosed that Sills sold a total of $125,307 worth of shares on November 10, 2026. This transaction took place shortly after he obtained additional shares via a performance award. The sale comprised 2,835 shares of common stock, which were traded at prices between $43.96 and $44.31, averaging at $44.20 per share. The primary purpose of this sale was to finance tax obligations resulting from the vesting of restricted stock and performance share awards under Standard Motor Products' incentive programs. Prior to the stock's current valuation at $44.03, which represents a 22% increase year-to-date, Sills acquired 2,396 shares for $0 on November 9, 2026. These shares were granted as part of a performance share award under the company's Amended and Restated 2016 Omnibus Incentive Plan. As a result of these transactions, Sills now owns a total of 184,041 shares of Standard Motor Products common stock, with a portion of this holding indirectly through trusts and an Employee Stock Ownership Plan (ESOP). According to InvestingPro analysis, the company has a track record of consistently paying dividends for 17 consecutive years, offering a yield of 3%. The platform's Fair Value assessment suggests that the stock is trading close to its intrinsic value. Recently, Standard Motor Products reported its third-quarter 2026 earnings, surpassing market expectations. Despite a slight shortfall in revenue, the company demonstrated robust performance through record adjusted EBITDA of $67 million and improved cash flow. On an annual basis, operating cash flow reached $207.2 million, a $121.5 million increase from the previous year. Management highlighted the promising prospects of new products gaining traction across North America and Europe, although the full financial impact of these products is anticipated to manifest over time. The company also noted an improvement in profitability, even amid reduced sales in its Temperature Control segment. This report was AI-generated and edited for accuracy.",
  "summary": null,
  "key_points": [
    "CEO & President Eric Sills sold $125,307 worth of Standard Motor Products shares.",
    "Sale of 2,835 shares occurred on November 10, 2026, at $44.20 average price.",
    "Transaction funded tax obligations from stock and performance award vesting."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}