Gibraltar Industries director granted 425.78 RSUs
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 grant of 425.78 restricted stock units labeled “Restricted Stock Unit (MSPP Post-2012)” on common stock valued at $55.78 per unit. These units were credited in connection with his deferral of part of his annual director retainer fee.
According to the terms, the restricted stock units are payable solely in cash after his service as a director ends, either in a lump sum or in five or ten annual installments, based on the 200‑day rolling average fair market value of Gibraltar’s common stock at that time. Following this award, Shah directly holds 7,166.06 restricted stock units and 9,675 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (MSPP Post-2012) | 425.78 | $55.78 | $24K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
deferral of a portion of his/her annual director retainer fee financial
payable solely in cash financial
200 day rolling average financial
FAQ
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What insider transaction did Gibraltar Industries (ROCK) report for Manish H. Shah?
How are Manish H. Shah’s restricted stock units at Gibraltar Industries (ROCK) settled?
How many restricted stock units does Manish H. Shah hold after this Gibraltar (ROCK) Form 4?
Is the Gibraltar Industries (ROCK) Form 4 transaction an open-market stock purchase?
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