ROCK CEO granted new matching restricted stock units
Bosway William T reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Bosway William T reported acquisition or exercise transactions in this Form 4 filing.
Gibraltar Industries President and CEO William T. Bosway reported updated equity holdings and a new compensation-related award. He received 547.77 matching restricted stock units under the Company’s 2018 Management Stock Purchase Plan in connection with deferring a portion of his annual base salary.
After this award, Bosway holds 250,320 shares of common stock directly and 45,041.49 matching restricted stock units tied to common stock. He also has 69,271.42 additional restricted stock units related to deferrals of salary and annual cash incentive compensation.
Certain restricted stock units can be forfeited if his officer service ends before the fifth anniversary of the vesting commencement date. When payable, these units are settled solely in cash, based on the fair market value of Gibraltar Industries’ common stock at the time his officer service terminates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 547.77 shares
Grant/Award
3 txns
Insider
Bosway William T
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (2018 MSPP Match) | 547.77 | $0.00 | $0.00 |
| holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (2018 MSPP Match) — 45,041.49 contracts (Direct);
Restricted Stock Unit (2018 MSPP) — 69,271.42 contracts (Direct);
Common Stock — 250,320 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. 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.
- 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.
Key Figures
Common stock held: 250,320 shares
New matching RSU grant: 547.77 units
Matching RSUs outstanding: 45,041.49 units
+2 more
5 metrics
Common stock held
250,320 shares
Direct ownership after reported transactions
New matching RSU grant
547.77 units
Matching restricted stock units (2018 MSPP Match) granted at $0.0000
Matching RSUs outstanding
45,041.49 units
Total matching restricted stock units after the grant
Other RSUs outstanding
69,271.42 units
Restricted stock units (2018 MSPP) tied to common stock
RSU exercise price
$0.0000 per unit
Conversion or exercise price for reported restricted stock units
Key Terms
Restricted Stock Unit, 2018 Management Stock Purchase Plan, annual cash incentive compensation, fair market value, +1 more
5 terms
Restricted Stock Unit financial
"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"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2018 Management Stock Purchase Plan financial
"pursuant to the Company's 2018 Management Stock Purchase Plan"
annual cash incentive compensation financial
"deferral of a portion of their annual base salary and annual cash incentive compensation"
fair market value financial
"equal to the fair market value of one share of the Company's common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
vesting commencement date financial
"prior to the fifth (5th) anniversary of the Reporting Person's vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ROCK CEO William T. Bosway report in this Form 4 filing?
William T. Bosway reported a new grant of matching restricted stock units and updated his equity holdings. The filing shows his common stock position and multiple sets of restricted stock units tied to deferred salary and incentive compensation under the 2018 Management Stock Purchase Plan.
How many matching restricted stock units did ROCK grant to its CEO in this filing?
The CEO received 547.77 matching restricted stock units under the 2018 Management Stock Purchase Plan. These units correspond to a portion of his deferred annual base salary, providing cash-settled exposure to Gibraltar Industries’ common stock once his service as an officer ends.
What are William T. Bosway’s reported common stock holdings in Gibraltar Industries (ROCK)?
Bosway reported direct ownership of 250,320 shares of Gibraltar Industries common stock. This figure reflects his holdings after the reported award of matching restricted stock units and provides a snapshot of his direct equity exposure to the company at the filing date.
How many restricted stock units tied to ROCK common stock does the CEO hold?
The filing shows 45,041.49 matching restricted stock units and 69,271.42 other restricted stock units linked to common stock. These units arise from deferred salary and annual cash incentive compensation under the 2018 Management Stock Purchase Plan and are ultimately settled in cash.
Are the restricted stock units in this ROCK Form 4 settled in stock or cash?
The restricted stock units are payable solely in cash rather than shares. Upon termination of Bosway’s officer service, each unit converts to a cash amount equal to the fair market value of one share of Gibraltar Industries common stock, based on the plan’s valuation provisions.
What vesting and forfeiture conditions apply to some ROCK restricted stock units?
Certain restricted stock units are forfeited if Bosway’s officer service ends before the fifth anniversary of his vesting commencement date. If service continues beyond that point, the units become payable in cash in a lump sum or in five or ten annual installments, as he elects.
Does this ROCK Form 4 show any open-market stock purchases or sales by the CEO?
The summarized data indicate no open-market purchases or sales, only a grant of matching restricted stock units and holding entries. The transactions are compensation-related awards and existing positions, rather than discretionary market trades in Gibraltar Industries common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
