CMCO (CMCO) CFO reports small ESOP-related share sale and holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbus McKinnon Corp executive Gregory P. Rustowicz reported a small stock sale tied to the termination of the company’s Employee Stock Ownership Plan (ESOP). On 242 shares of common stock previously allocated to him under the ESOP, he executed an open-market sale at $19.15 per share in connection with the plan’s termination.
After this transaction, he directly held 95,671.3083 shares of common stock. This direct position includes 19,582.3083 restricted shares that may be forfeited if employment conditions are not met, with specific vesting schedules running from May 2026 through May 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 242 shares ($4,634)
Net Sell
2 txns
Insider
Rustowicz Gregory P
Role
Executive VP Finance, CFO
Sold
242 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 242 | $19.15 | $5K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, ESOP);
Common Stock — 95,671.308 shares (Direct)
Footnotes (1)
- Includes 19,582.3083 shares of restricted stock issued to reporting person subject to forfeiture in whole or part; 2,723.8855 shares become fully vested 5/22/2026; 3,356.8398 shares become fully vested 50% per year for two years beginning 5/20/2026; and 13,501.5830 shares become fully vested 33.33% per year for 3 years beginning 5/19/2026, if reporting person remains an employee of issuer. The reported transaction reflects the sale of shares previously allocated to the reporting person under the issuers Employee Stock Ownership Plan (ESOP). The shares were sold in connection with the termination of the ESOP, pursuant to the plans terms.
FAQ
What insider transaction did CMCO executive Gregory P. Rustowicz report?
He reported an open-market sale of 242 shares of Columbus McKinnon common stock. The shares were previously allocated to him under the company’s ESOP and were sold in connection with the ESOP’s termination pursuant to the plan’s terms.
What restricted stock holdings are disclosed for CMCO’s Gregory P. Rustowicz?
He holds 19,582.3083 restricted shares of Columbus McKinnon common stock. Portions of these shares vest on May 22, 2026, begin vesting 50% per year from May 20, 2026, and 33.33% per year from May 19, 2026, subject to continued employment.
How is the ESOP referenced in this CMCO Form 4 insider filing?
The filing states that the 242 shares sold were previously allocated under Columbus McKinnon’s Employee Stock Ownership Plan. They were sold in connection with the ESOP’s termination, consistent with the terms of that employee benefit plan for the reporting person.
What is Gregory P. Rustowicz’s role at Columbus McKinnon as shown in the filing?
He is identified as Executive Vice President Finance and Chief Financial Officer of Columbus McKinnon. The Form 4 links his role to the reported common stock holdings and the small ESOP-related stock sale disclosed for this senior finance executive.