[Form 4] GIBRALTAR INDUSTRIES, INC. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibraltar Industries President and CEO William T. Bosway reported equity compensation changes. On March 2, he acquired 27,801 shares of common stock as a grant at $0.00 per share, raising his direct holdings to 255,566 shares. On March 3, 1,955 shares were disposed of at $43.83 per share to cover tax withholding, leaving 253,611 directly held shares. His reported restricted stock unit holdings under the 2018 Management Stock Purchase Plan were also updated.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Bosway William T
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,955 | $43.83 | $86K |
| Grant/Award | Common Stock | 27,801 | $0.00 | -- |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 253,611 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)
- The shares represent Restricted Stock Units issued under the Registrant's Amended and Restated 2018 Equity Incentive Plan that have been granted to the Reporting Person. The shares vest in four portions: 25% on March 2, 2027, and on each March 2 thereafter through March 2, 2030. The Reporting Person was also granted Performance Stock Units, which will be reported on a subsequent Form 4 upon satisfaction of the performance criteria. 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.
