Gibraltar Industries (ROCK) VP, CHRO awarded stock and withholds shares for taxes
Rhea-AI Filing Summary
Gibraltar Industries VP and CHRO Janet Anne Catlett reported equity compensation and related tax withholding transactions in company stock. On March 2, she received a grant of 3,332 shares of common stock at no cost as an award, increasing her direct holdings to 17,101 shares.
On March 3, 268 shares of common stock were withheld at a price of $43.83 per share to satisfy tax obligations, leaving her with 16,833 shares of common stock held directly after these transactions. Separate footnotes describe additional restricted stock units granted under the company’s 2018 equity and management stock purchase plans, including multi-year vesting and cash-settlement features tied to continued service and termination timing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,064 shares
Net Buy
4 txns
Insider
Catlett Janet Anne
Role
VP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 268 | $43.83 | $12K |
| Grant/Award | Common Stock | 3,332 | $0.00 | $0.00 |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,833 shares (Direct);
Restricted Stock Unit (2018 MSPP Match) — 2,052.45 shares (Direct);
Restricted Stock Unit (2018 MSPP) — 866.44 shares (Direct)
Footnotes (5)
- F1. The shares represent Restricted Stock Units issued under the Registrant's Amended and Restated 2018 Equity Incentive Plan that have been granted to the Reporting Person. The shares vest in four portions: 25% on March 2, 2027, and on each March 2 thereafter through March 2, 2030. The Reporting Person was also granted Performance Stock Units, which will be reported on a subsequent Form 4 upon satisfaction of the performance criteria.
- F2. Represents matching restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of their annual base salary and annual cash incentive compensation pursuant to the Company's 2018 Management Stock Purchase Plan.
- F3. Restricted stock units are forfeited if Reporting Person's service as an officer of the Company is terminated prior to the fifth (5th) anniversary of the Reporting Person's vesting commencement date. If service as an officer continues beyond the fifth (5th) anniversary of the Reporting Person's vesting commencement date, restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value of one share of the Company's common stock, as defined in the Company's 2018 Management Stock Purchase Plan, on the date of termination of the Reporting Person's service as an officer of the Company.
- F4. Represents restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of their annual cash incentive compensation pursuant to the Company's 2018 Management Stock Purchase Plan.
- F5. Restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value of one share of the Company's common stock, as defined in the Company's 2018 Management Stock Purchase Plan, on the date of termination of the Reporting Person's service as an officer of the Company.
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FAQ
What insider transactions did Gibraltar Industries (ROCK) report for Janet Anne Catlett?
Janet Anne Catlett reported a stock award and related tax withholding. She received 3,332 Gibraltar Industries common shares as a grant, then had 268 shares withheld the next day to cover tax obligations tied to that equity compensation.
Was the Gibraltar Industries (ROCK) insider transaction a stock sale on the market?
The Form 4 shows a tax-withholding disposition, not an open-market sale. On March 3, 268 Gibraltar Industries shares were withheld at $43.83 per share to satisfy tax liabilities arising from her prior equity compensation award.
What equity award did Gibraltar Industries grant its VP, CHRO on March 2, 2026?
On March 2, 2026, Gibraltar Industries granted VP and CHRO Janet Anne Catlett 3,332 shares of common stock at no cost. The award increased her direct stock ownership to 17,101 shares immediately following the grant before subsequent tax withholding.
What do the restricted stock unit footnotes in the Gibraltar (ROCK) Form 4 explain?
The footnotes explain restricted stock units granted under Gibraltar’s 2018 plans, including matching units for deferred salary and incentives, multi-year vesting dates through 2030, potential performance stock units, and that some units are settled in cash after service ends, based on the stock’s fair market value.
Are Gibraltar Industries restricted stock units for Janet Anne Catlett subject to forfeiture?
Certain restricted stock units may be forfeited if her officer service ends before the fifth anniversary of the vesting start date. If she continues beyond that point, those units are instead settled in cash over one, five, or ten annual installments after service termination.