Gibraltar Industries (ROCK) CEO logs tax-withholding share disposition in Form 4
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
Bosway William T
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 30,026 | $43.05 | $1.29M |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 223,585 shares (Direct);
Restricted Stock Unit (2018 MSPP Match) — 43,981.51 shares (Direct);
Restricted Stock Unit (2018 MSPP) — 69,271.42 shares (Direct)
Footnotes (1)
- 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. 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 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 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
What insider transaction did ROCK CEO William Bosway report on March 4, 2026?
William T. Bosway reported a tax-withholding disposition on March 4, 2026. 30,026 common shares of Gibraltar Industries were withheld at $43.05 per share to satisfy tax obligations from vested performance stock units.
Was the ROCK CEO’s March 2026 Form 4 an open-market stock sale?
No, the March 2026 Form 4 shows a tax-withholding disposition, not an open-market sale. 30,026 shares were withheld by the company at $43.05 per share to pay taxes on equity vesting.
What are the 2018 MSPP matching restricted stock units reported by ROCK’s CEO?
The 2018 MSPP matching restricted stock units represent units allocated when the CEO deferred portions of salary and cash incentives. He holds 43,981.51 units, which are ultimately payable in cash based on Gibraltar Industries’ common stock value after his officer service ends.
How are Gibraltar Industries (ROCK) restricted stock units under the 2018 plan settled?
Restricted stock units under the 2018 Management Stock Purchase Plan are payable solely in cash. After the CEO’s service ends, they convert to cash equal to the fair market value of one common share per unit, paid in a lump sum or installments.
What happens to ROCK restricted stock units if the CEO leaves before the five-year vesting period?
If the CEO’s officer service ends before the fifth anniversary of his vesting commencement date, certain restricted stock units are forfeited. Continued service beyond that point preserves the units for later cash settlement after termination.