Gibraltar GC covers taxes with 739-share transfer
Gibraltar Industries General Counsel Katherine Bolanowski reported a Form 4 showing a tax-withholding disposition of 739 shares of common stock at $45.48 per share.
Rhea-AI Filing Summary
Gibraltar Industries General Counsel Katherine Bolanowski reported a Form 4 showing a tax-withholding disposition of 739 shares of common stock at $45.48 per share. After this transaction, she directly owned 15,466 common shares. She also held 6,343.09 matching restricted stock units under the 2018 Management Stock Purchase Plan, which are tied to deferred salary and incentive compensation and are ultimately settled in cash subject to continued officer service conditions.
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Insider Trade Summary
Exercise Price or Tax Liability: 739 shares
Exercise Price or Tax Liability
2 txns
Insider
Bolanowski Katherine
Role
General Counsel, VP, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 739 | $45.48 | $34K |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,466 shares (Direct);
Restricted Stock Unit (2018 MSPP Match) — 6,343.09 contracts (Direct)
Footnotes (2)
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ROCK executive Katherine Bolanowski report?
Katherine Bolanowski reported a tax-withholding disposition of 739 Gibraltar Industries common shares at $45.48 each. This was to cover tax obligations, not an open-market sale, and left her with direct ownership of 15,466 common shares in the company.
Was the ROCK Form 4 filing an open-market sale of Gibraltar stock?
No, the Form 4 shows a tax-withholding disposition coded as “F,” not an open-market sale. Shares were transferred to satisfy tax obligations related to equity compensation, a common administrative transaction rather than a discretionary buy or sell in the market.
What restricted stock units linked to ROCK does Katherine Bolanowski hold?
She holds 6,343.09 matching restricted stock units under Gibraltar’s 2018 Management Stock Purchase Plan. These units relate to deferred base salary and incentive pay, and are ultimately settled in cash based on Gibraltar’s share value when her officer service ends under plan terms.
What are the vesting and forfeiture conditions on ROCK’s 2018 MSPP RSUs?
The restricted stock units are forfeited if her officer service ends before the fifth anniversary of her vesting start date. If service continues beyond that, they are paid only in cash after termination, in a lump sum or installments, based on Gibraltar’s common stock fair market value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
