ESOP-related stock sale by Columbus McKinnon (CMCO) executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Columbus McKinnon senior vice president Mark R. Paradowski reported an open-market sale of 1,502 shares of common stock at $19.15 per share. The transaction involved shares previously allocated to him under the company’s Employee Stock Ownership Plan in connection with the ESOP’s termination.
After this ESOP-related sale, Paradowski’s indirect ESOP holdings were reduced to zero, while his direct ownership is reported at 32,307.2377 shares, including 8,734.2377 restricted shares that vest over time if he remains an employee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,502 shares ($28,763)
Net Sell
2 txns
Insider
Paradowski Mark R
Role
Sr VP Information Services&CDO
Sold
1,502 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,502 | $19.15 | $29K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, ESOP);
Common Stock — 32,307.238 shares (Direct)
Footnotes (1)
- Includes 8,734.2377 shares of restricted stock issued to reporting person subject to forfeiture in whole or part; 1,155.5878 shares become fully vested 5/22/2026; 1,461.1884 shares become fully vested 50% per year for two years beginning 5/20/2026, and 6,117.4615 shares become fully vested 33.33% per year for three 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 Mark R. Paradowski report?
Mark R. Paradowski reported selling 1,502 shares of Columbus McKinnon common stock. The shares were allocated under the company’s Employee Stock Ownership Plan and were sold in connection with the plan’s termination pursuant to its terms, rather than a routine discretionary sale.
Were restricted stock awards involved in this CMCO Form 4 filing?
Yes. The filing notes 8,734.2377 shares of restricted stock included in his direct holdings. Portions of these awards are scheduled to vest in 2026 and subsequent years, contingent on his continued employment with Columbus McKinnon under the specified vesting schedule.