Gibraltar Industries director granted 3,059 shares
Shah Manish H reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Shah Manish H reported acquisition or exercise transactions in this Form 4 filing.
Gibraltar Industries director Manish H. Shah received a stock grant and reports deferred units. He was granted 3,059 shares of common stock at $37.59 per share as compensation for his service as a non-employee director, bringing his directly held common shares to 12,734.
He also reports 7,166.06 restricted stock units under the company's Non-Employee Director Stock Deferral Plan, which represent deferred portions of his director fees. These restricted stock units are payable solely in cash, based on a 200-day rolling average share price, starting six months after his board service ends.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,059 | $37.59 | $115K |
| holding | Restricted Stock Unit (MSPP Post-2012) | -- | -- | -- |
Footnotes (3)
- F1. Represents shares of common stock which the Reporting Person is entitled to receive annually pursuant to the compensation program in effect for non-employee directors. Pursuant to the Company's Non-Employee Director Stock Deferral Plan, the Reporting Person has irrevocably elected to defer his receipt of the shares of common stock. Six (6) months following termination of the Reporting Person's service as a member of the Company's Board of Directors, shares of common stock are issued to the Reporting Person in one lump sum or in five (5) or ten (10) substantially equal installments, whichever is elected by the Reporting Person.
- F2. Represents restricted stock units allocated to the Reporting Person after 2012 with respect to the Reporting Person's deferral of a portion of his/her annual director retainer fee.
- F3. 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 as a director of the Company. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as a director of the Company.
Key Figures
Key Terms
Restricted Stock Unit (MSPP Post-2012) financial
Non-Employee Director Stock Deferral Plan financial
restricted stock units financial
fair market value (200 day rolling average) financial
FAQ
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What did Manish H. Shah report in his latest Form 4 for ROCK?
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What are the 7,166.06 restricted stock units reported by Manish H. Shah at ROCK?
How and when will the deferred Gibraltar Industries director units be paid to Manish H. Shah?
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