Executive equity awards at Gibraltar Industries (NASDAQ: ROCK) detail grants and tax shares
Rhea-AI Filing Summary
Gibraltar Industries’ General Counsel and Vice President Katherine Bolanowski reported routine equity compensation changes. On March 2, she acquired 3,410 shares of common stock at $0.00 per share as a grant/award, increasing her direct holdings to 18,876 shares of common stock.
On March 3, she disposed of 286 shares of common stock at $43.83 per share in a tax-withholding disposition, leaving 18,590 shares held directly. She also holds Restricted Stock Units under the company’s Amended and Restated 2018 Equity Incentive Plan that vest in four 25% portions on March 2 of each year from 2027 through 2030, and additional matching restricted stock units under the 2018 Management Stock Purchase Plan.
Positive
- None.
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Insider Trade Summary
Net Buyer: 3,124 shares
Net Buy
3 txns
Insider
Bolanowski Katherine
Role
General Counsel, VP, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 286 | $43.83 | $13K |
| Grant/Award | Common Stock | 3,410 | $0.00 | $0.00 |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,590 shares (Direct);
Restricted Stock Unit (2018 MSPP Match) — 6,343.09 shares (Direct)
Footnotes (3)
- 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.
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FAQ
What insider transactions did ROCK executive Katherine Bolanowski report on this Form 4?
Katherine Bolanowski reported a grant of 3,410 shares of Gibraltar Industries common stock at $0.00 per share and a tax-withholding disposition of 286 shares at $43.83 per share, all held under direct ownership.
What type of award did Katherine Bolanowski receive from Gibraltar Industries (ROCK)?
She received a grant/award acquisition of 3,410 shares of Gibraltar Industries common stock at $0.00 per share. The filing describes this as a grant or award made under the company’s equity incentive arrangements for executives.
How are Katherine Bolanowski’s Gibraltar Industries (ROCK) Restricted Stock Units structured?
Her Restricted Stock Units under the Amended and Restated 2018 Equity Incentive Plan vest in four equal 25% portions on March 2 of each year from 2027 through 2030. These units were granted to her as part of the company’s equity compensation program.
What are the matching Restricted Stock Units under Gibraltar Industries’ 2018 Management Stock Purchase Plan?
The filing notes matching Restricted Stock Units allocated to Katherine Bolanowski for deferring a portion of her base salary and cash incentive pay under the 2018 Management Stock Purchase Plan. These units align her compensation with Gibraltar Industries’ common stock performance.
Will Katherine Bolanowski’s Gibraltar Industries Performance Stock Units be reported on this Form 4?
No. The footnotes explain that Performance Stock Units granted to Katherine Bolanowski will be reported on a subsequent Form 4 once the required performance criteria are satisfied, so they are not detailed in this filing’s transactions.