GrafTech (NYSE: EAF) VP exercises RSUs, 1,059 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GrafTech International VP, Operations Clemens Jeremy Joseph exercised restricted stock units into common shares and had some shares withheld for taxes. He converted 2,987 RSUs into 2,987 shares of common stock at a conversion price of $0.00 per share.
To cover tax obligations, 1,059 common shares were withheld at $5.23 per share. After these transactions, he directly holds 8,361 shares of GrafTech common stock. The RSUs convert into EAF common stock on a one-for-one basis under the company’s equity program.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,987 shares exercised/converted
Mixed
3 txns
Insider
Clemens Jeremy Joseph
Role
VP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,987 | $0.00 | -- |
| Exercise | Common Stock | 2,987 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,059 | $5.23 | $6K |
Holdings After Transaction:
Restricted Stock Units — 2,987 shares (Direct);
Common Stock — 9,420 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 8,962 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 activity did GrafTech (EAF) report for VP Operations Clemens Jeremy Joseph?
GrafTech’s VP, Operations Clemens Jeremy Joseph exercised restricted stock units into common shares and had shares withheld for taxes. He converted 2,987 RSUs into common stock and 1,059 shares were withheld to satisfy tax obligations tied to the equity award.
What do the restricted stock units (RSUs) represent for GrafTech (EAF) executives?
The restricted stock units represent rights to receive GrafTech common shares on a one-for-one basis upon conversion. A referenced grant of 8,962 RSUs was made on March 12, 2024, vesting in three equal annual installments beginning March 12, 2025, subject to the company’s dividend and vesting terms.