Director at Ampco-Pittsburgh (NYSE: AP) granted 7,374 restricted stock shares
Rhea-AI Filing Summary
GERMAN MICHAEL I reported acquisition or exercise transactions in this Form 4 filing.
Ampco-Pittsburgh director Michael I. German reported an equity award of 7,374 shares of Common Stock. The shares were granted as restricted stock at a price of $0.00 per share under the Ampco-Pittsburgh Corporation 2016 Omnibus Incentive Plan, as amended and restated May 8, 2025.
These restricted shares vest on the first anniversary of the grant date. After the award, German directly owns 229,044 shares of Common Stock, and a footnote notes that some shares are held jointly with his spouse. The filing does not show any open-market buying or selling, only this compensation-related grant.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant with no open-market trading.
Michael I. German, a director of Ampco-Pittsburgh, received 7,374 shares of restricted Common Stock at $0.00 per share as a board compensation award. The grant comes under the 2016 Omnibus Incentive Plan, indicating a standardized, plan-based issuance rather than a market transaction.
The restricted stock vests on the first anniversary of the grant date, so German’s ability to fully realize this award depends on satisfying that one-year service condition. Following the grant, his direct holdings total 229,044 shares, with a note that some are held jointly with his spouse.
This event is typical for director compensation and does not involve any open-market buying or selling. It modestly increases insider ownership, but its overall impact is limited and best viewed as routine alignment of director incentives with shareholders rather than a signal about the company’s near-term prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,374 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents a grant of restricted stock under the Ampco-Pittsburgh Corporation 2016 Omnibus Incentive Plan, as amended and restated May 8, 2025. These grants of restricted stock vest on the first anniversary of the grant date. Joint with spouse