Gibraltar Industries (NYSE: ROCK) CFO awarded RSUs and disposes shares for tax withholding
Rhea-AI Filing Summary
Gibraltar Industries VP and CFO Joseph A. Lovechio reported equity compensation and related tax withholding transactions in company stock. On March 2, 2026, he acquired 4,840 shares of common stock at $0.00 per share as a grant of Restricted Stock Units under the Amended and Restated 2018 Equity Incentive Plan. According to the footnotes, these RSUs vest in four equal 25% portions on March 2, 2027 and on each March 2 through 2030, and related Performance Stock Units will be reported later once performance criteria are met.
On March 3, 2026, 379 shares of common stock at $43.83 per share were disposed of to cover tax withholding obligations, leaving 12,390 shares of common stock held directly after that transaction. A separate line shows 1,012.85 Restricted Stock Units under the 2018 Management Stock Purchase Plan outstanding as a holding.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 379 | $43.83 | $17K |
| Grant/Award | Common Stock | 4,840 | $0.00 | -- |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
Footnotes (1)
- 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. 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. 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.