MSA Safety CEO gets 8,745-share stock award
Blanco Steven C. Sr. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Blanco Steven C. Sr. reported acquisition or exercise transactions in this Form 4 filing.
MSA Safety Inc CEO Steven C. Sr. Blanco reported an amended insider transaction reflecting a grant of 8,745 shares of common stock at no cost as a stock award. Following this adjustment, he directly owns 45,063 shares. The filing states the amendment corrects an earlier administrative error in the originally reported award and updated beneficial ownership.
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Insights
Amended Form 4 shows routine equity award correction for MSA’s CEO.
CEO Steven C. Sr. Blanco received 8,745 shares of MSA Safety Inc common stock as a grant or award, increasing his direct holdings to 45,063 shares. The transaction price is reported as zero, consistent with compensation-related stock awards rather than open-market purchases.
The footnote explains this Form 4/A corrects an earlier administrative error in the number of performance stock unit shares previously reported, and adjusts the reported beneficial ownership accordingly. This makes the filing largely clerical, aligning the disclosed award and ownership levels with the actual figures.
Because the transaction is compensation-related and not an open-market buy or sell, it typically carries weaker signaling value for the company’s share price. The primary takeaway is accurate disclosure of the CEO’s stock-based compensation and updated ownership position as of the award date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, no par value | 8,745 | $0.00 | $0.00 |
Footnotes (1)
- F1. This amendment is filed to amend the number of shares reported as awarded under performance stock units in the original Form 4, which amount was incorrect due to administrative error, and is deemed to amend the number of shares reported as securities beneficially owned following the reported transactions in Table I to reflect the correction.
FAQ
What insider transaction did MSA (MSA) report for CEO Steven Blanco?
Why was an amended Form 4 (4/A) filed for MSA (MSA)?
Does the MSA Safety Form 4/A indicate a change in trading strategy?
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