Gibraltar Industries (ROCK) CEO adds 1,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibraltar Industries President and CEO William T. Bosway reported an open-market purchase of 1,000 shares of common stock at $41.37 per share. After this transaction, he directly holds 230,585 common shares.
He also holds restricted stock units under the Company’s 2018 Management Stock Purchase Plan, including units tied to 43,981.51 and 69,271.42 underlying common shares. These RSUs stem from deferrals of base salary and annual cash incentives and are payable solely in cash, generally beginning six months after his service as an officer ends. Certain matching RSUs are forfeited if his service ends before the fifth anniversary of the vesting commencement date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares ($41,370)
Net Buy
3 txns
Insider
Bosway William T
Role
President and CEO
Bought
1,000 shs ($41K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,000 | $41.37 | $41K |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 230,585 shares (Direct);
Restricted Stock Unit (2018 MSPP Match) — 43,981.51 shares (Direct);
Restricted Stock Unit (2018 MSPP) — 69,271.42 shares (Direct)
Footnotes (1)
- 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. 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. Represents 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. 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.
FAQ
What insider transaction did ROCK CEO William T. Bosway report?
William T. Bosway reported buying 1,000 shares of Gibraltar Industries common stock in an open-market transaction at $41.37 per share. This transaction is disclosed as a purchase and increases his directly held common share position.
What restricted stock units linked to ROCK does William T. Bosway hold?
He holds restricted stock units under the 2018 Management Stock Purchase Plan tied to 43,981.51 and 69,271.42 underlying Gibraltar common shares. These units relate to deferrals of salary and incentives and provide cash payments based on the stock’s fair market value.
Are the Gibraltar Industries restricted stock units paid in stock or cash?
The restricted stock units are payable solely in cash, not in actual shares. Payments are based on the fair market value of one share of Gibraltar’s common stock at the time his officer service ends, with options for lump-sum or multi-year installment distributions.
When can the Gibraltar Industries CEO receive payment from these RSUs?
Payment from the restricted stock units generally begins six months after his service as an officer terminates. Depending on his election, distributions may occur in one lump sum or in five or ten substantially equal annual installments.
Can any of the Gibraltar Industries CEO’s restricted stock units be forfeited?
Matching restricted stock units can be forfeited if his service as an officer ends before the fifth anniversary of the vesting commencement date. If his service continues beyond that point, those units become payable in cash according to his chosen distribution schedule.