GrafTech (NYSE: EAF) SVP converts 10,144 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRAFTECH INTERNATIONAL LTD senior vice president Inigo Perez Ortiz exercised restricted stock units into common stock as part of his equity compensation. On March 12, 10,144 RSUs converted into 10,144 shares of EAF common stock on a one-for-one basis at no cash exercise price. Following the conversion, he directly holds 46,226 shares of common stock. The RSUs come from a 30,432-unit grant that vests in three equal annual installments beginning March 12, 2025, and had accrued dividend-equivalent RSUs while the dividend was in effect.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,144 shares exercised/converted
Mixed
2 txns
Insider
Perez Ortiz Inigo
Role
SVP, Commercial and CTS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,144 | $0.00 | -- |
| Exercise | Common Stock | 10,144 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 10,144 shares (Direct);
Common Stock — 46,226 shares (Direct)
Footnotes (1)
- Restricted stock units (RSUs) convert into shares of EAF common stock on a one-for-one basis. On March 12, 2024, the reporting person was granted 30,432 RSUs, which also accrue additional RSUs pursuant to dividend equivalent rights based upon the closing price of EAF stock as of the dividend payment date if a dividend is declared by the Board of Directors. On August 2, 2023, GrafTech International Ltd.'s Board of Directors elected to suspend the quarterly cash dividend of $0.01 per share. The RSUs vest in three equal annual installments beginning on March 12, 2025.
FAQ
What insider transaction did GrafTech (EAF) report for Inigo Perez Ortiz?
GrafTech reported that SVP Inigo Perez Ortiz exercised restricted stock units, converting 10,144 RSUs into 10,144 shares of common stock. This is a compensation-related derivative exercise, not an open-market share purchase or sale.
What are the terms of the GrafTech (EAF) RSUs granted to Inigo Perez Ortiz?
On March 12, 2024, Inigo Perez Ortiz was granted 30,432 restricted stock units that vest in three equal annual installments beginning March 12, 2025. The grant also accrues additional RSUs through dividend-equivalent rights when the Board declares dividends.
How do GrafTech (EAF) RSUs convert into common stock for this insider?
The restricted stock units convert into shares of GrafTech common stock on a one-for-one basis. In this filing, 10,144 RSUs converted into 10,144 common shares at an exercise price of $0.00 per share, consistent with standard RSU settlement.
Did the suspension of GrafTech (EAF) dividends affect these RSUs?
The RSUs accrue additional units through dividend-equivalent rights when dividends are declared. The Board suspended the quarterly cash dividend of $0.01 per share on August 2, 2023, which limits additional RSUs from dividend equivalents during the suspension period.