ROCK CEO reports tax-withholding share disposition
Gibraltar Industries President and CEO William T. Bosway reported a tax-related share disposition tied to equity vesting.
Rhea-AI Filing Summary
Gibraltar Industries President and CEO William T. Bosway reported a tax-related share disposition tied to equity vesting. On March 4, 2026, 30,026 shares of common stock were withheld at $43.05 per share to cover tax obligations from the vesting of his performance stock units, leaving him with 223,585 common shares held directly. He also holds 2018 Management Stock Purchase Plan matching restricted stock units and deferral-based restricted stock units, with 43,981.51 and 69,271.42 units respectively, which are designed to be settled in cash after his service as an officer ends under the plan’s distribution rules.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 30,026 | $43.05 | $1.29M |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
Footnotes (5)
- F1. Represents shares withheld to cover the tax withholding obligation related to the vesting on March 1, 2026 of the Reporting Person's Performance Stock Units.
- 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.
- F4. 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.
- F5. 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 Bosway report on March 4, 2026?
Was the ROCK CEO’s March 2026 Form 4 an open-market stock sale?
What are the 2018 MSPP matching restricted stock units reported by ROCK’s CEO?
How are Gibraltar Industries (ROCK) restricted stock units under the 2018 plan settled?
What happens to ROCK restricted stock units if the CEO leaves before the five-year vesting period?
AI-generated analysis. How Rhea-AI works. Not financial advice.