Gibraltar Industries (ROCK) VP receives new restricted stock unit grant
Rhea-AI Filing Summary
Catlett Janet Anne reported acquisition or exercise transactions in this Form 4 filing.
Gibraltar Industries VP and CHRO Janet Anne Catlett reported a compensation-related award of restricted stock units, with no open-market stock purchases or sales. She received 101.3 matching restricted stock units under the Company’s 2018 Management Stock Purchase Plan in connection with deferring a portion of her annual base salary.
Following this grant, she holds 2,532.59 matching restricted stock units under the 2018 MSPP and 866.44 additional restricted stock units tied to salary and annual cash incentive deferrals, all on a direct basis. Separately, she directly holds 13,418 shares of Gibraltar Industries common stock after the reported transactions.
The footnotes explain these restricted stock units are forfeited if her service as an officer ends before the fifth anniversary of her vesting commencement date. After service ends beyond that point, the units are payable solely in cash, based on the fair market value of one share of common stock at the time her service terminates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (2018 MSPP Match) | 101.3 | $0.00 | -- |
| holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 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 pursuant to the Company's 2018 Management Stock Purchase Plan. 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. 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.