Ampco Pittsburgh (AP) CFO RSU grant with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ampco Pittsburgh Corporation’s VP, CFO & Treasurer, David George Anderson, reported routine equity compensation activity. He received a grant of 11,117 restricted stock units, which vest in three equal annual installments under the company’s 2016 Omnibus Incentive Plan as amended May 8, 2025.
On the same date, the company withheld a total of 14,254 common shares at $10.85 per share to cover tax liabilities tied to the vesting of prior 2023, 2024, 2025 restricted stock unit awards and performance-based restricted stock units. These are tax-withholding dispositions, not open‑market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Anderson David George
Role
VP, CFO & Treasurer, Pres. ALS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,370 | $10.85 | $15K |
| Tax Withholding | Common Stock | 2,179 | $10.85 | $24K |
| Tax Withholding | Common Stock | 2,489 | $10.85 | $27K |
| Tax Withholding | Common Stock | 8,216 | $10.85 | $89K |
| Grant/Award | Common Stock | 11,117 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 84,733 shares (Direct, null)
Footnotes (1)
- Represents the payment of tax liability by withholding shares incident to the vesting of the 2023 grant of Restricted Stock Units. Represents the payment of tax liability by withholding shares incident to the vesting of the 2024 grant of Restricted Stock Units. Represents the payment of tax liability by withholding shares incident to the vesting of the 2025 grant of Restricted Stock Units. Represents the payment of tax liability by withholding shares incident to the vesting of the performance-based restricted stock units. Represents a grant of restricted stock units under the Ampco-Pittsburgh Corporation ("Company") 2016 Omnibus Incentive Plan, as amended and restated as of May 8, 2025. Each restricted stock unit represents the contingent right to receive upon vesting of the unit, one share of the Company's common stock. Restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
Key Figures
RSUs granted: 11,117 units
Tax-withheld shares total: 14,254 shares
Tax-withholding share price: $10.85 per share
+2 more
5 metrics
RSUs granted
11,117 units
Restricted stock units granted to CFO on May 15, 2026
Tax-withheld shares total
14,254 shares
Shares withheld to cover tax liabilities on RSU vesting
Tax-withholding share price
$10.85 per share
Value used for multiple F-code tax-withholding transactions
Tax-withholding block 1
8,216 shares
Common stock withheld for tax liability at $10.85 per share
Tax-withholding block 2
2,489 shares
Additional common stock withheld for tax liability at $10.85
Key Terms
Restricted Stock Units, performance-based restricted stock units, tax liability, 2016 Omnibus Incentive Plan
4 terms
Restricted Stock Units financial
"Represents the payment of tax liability by withholding shares incident to the vesting of the 2023 grant of Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"Represents the payment of tax liability by withholding shares incident to the vesting of the performance-based restricted stock units."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax liability financial
"Represents the payment of tax liability by withholding shares incident to the vesting of the 2024 grant of Restricted Stock Units."
2016 Omnibus Incentive Plan financial
"Represents a grant of restricted stock units under the Ampco-Pittsburgh Corporation ("Company") 2016 Omnibus Incentive Plan, as amended and restated as of May 8, 2025."
FAQ
What insider transaction did Ampco Pittsburgh (AP) report for its CFO?
Ampco Pittsburgh reported that CFO David George Anderson received a grant of 11,117 restricted stock units. The award is part of his equity compensation and vests over three years, reflecting routine long-term incentive practices rather than an open-market share purchase or sale.
How do the new RSUs for Ampco Pittsburgh (AP) CFO vest over time?
The 11,117 restricted stock units granted to the CFO vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, meaning portions of the award convert into common stock each year, supporting multi‑year retention and alignment incentives.
What plan governs the Ampco Pittsburgh (AP) CFO’s new RSU grant?
The grant is issued under the Ampco-Pittsburgh Corporation 2016 Omnibus Incentive Plan, as amended and restated as of May 8, 2025. This plan authorizes various equity awards, including restricted stock units, to key employees as part of the company’s long-term incentive program.