Gibraltar CEO buys 1,000 ROCK shares at $41.37
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.
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.
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Insider Trade Summary
| 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) | -- | -- | -- |
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ROCK CEO William T. Bosway report?
What restricted stock units linked to ROCK does William T. Bosway hold?
Are the Gibraltar Industries restricted stock units paid in stock or cash?
When can the Gibraltar Industries CEO receive payment from these RSUs?
Can any of the Gibraltar Industries CEO’s restricted stock units be forfeited?
AI-generated analysis. How Rhea-AI works. Not financial advice.