Gibraltar CEO withholds 5,872 shares for taxes
Gibraltar Industries President and CEO William T. Bosway reported a tax-withholding disposition of 5,872 shares of common stock at $45.48 per share.
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Rhea-AI Filing Summary
Gibraltar Industries President and CEO William T. Bosway reported a tax-withholding disposition of 5,872 shares of common stock at $45.48 per share. After this transaction, he directly holds 227,765 common shares. He also holds 43,981.51 and 69,271.42 restricted stock units under the 2018 Management Stock Purchase Plan, which are ultimately settled in cash based on the company’s share value.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,872 | $45.48 | $267K |
| Holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| Holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
Footnotes (4)
- 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 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.
- F4. 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 CEO William Bosway report on this Form 4?
How are Gibraltar Industries (ROCK) restricted stock units under the 2018 plan settled?
Do the ROCK restricted stock units have vesting or forfeiture conditions?
AI-generated analysis. How Rhea-AI works. Not financial advice.