GrafTech VP exercises RSUs, pays tax in shares
GrafTech International VP, Operations Clemens Jeremy Joseph exercised restricted stock units into common shares and had some shares withheld for taxes.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,987 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,987 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,059 | $5.23 | $6K |
Footnotes (2)
- F1. Restricted stock units (RSUs) convert into shares of EAF common stock on a one-for-one basis.
- F2. 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
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What insider activity did GrafTech (EAF) report for VP Operations Clemens Jeremy Joseph?
What do the restricted stock units (RSUs) represent for GrafTech (EAF) executives?
AI-generated analysis. How Rhea-AI works. Not financial advice.