Executive at Gibraltar Industries (ROCK) receives matching RSU grant under 2018 plan
Rhea-AI Filing Summary
Bolanowski Katherine reported acquisition or exercise transactions in this Form 4 filing.
Gibraltar Industries executive Katherine Bolanowski, General Counsel and Vice President, reported a grant of 259.22 matching restricted stock units under the company’s 2018 Management Stock Purchase Plan. These units were allocated in connection with her decision to defer portions of her annual base salary and cash incentive compensation.
The restricted stock units are forfeited if her officer service ends before the fifth anniversary of her vesting commencement date. After that point, they are settled only in cash, in a lump sum or in five or ten annual installments, based on the share’s fair market value at termination. Following this filing, she directly holds 17,389 shares of common stock and 7,279.88 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (2018 MSPP Match) | 259.22 | $0.00 | -- |
| 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.