Gibraltar Industries (ROCK) VP gets 78.92 matching RSUs for deferred pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Watorek Jeffrey J. reported acquisition or exercise transactions in this Form 4 filing.
Gibraltar Industries VP and Treasurer Jeffrey J. Watorek received a grant of 78.92 matching restricted stock units under the company’s 2018 Management Stock Purchase Plan in connection with his deferral of a portion of his base salary and annual cash incentive compensation. These restricted stock units are forfeited if his officer service ends before the fifth anniversary of his vesting commencement date. If his service continues beyond that date, the units are settled solely in cash after termination, either in a lump sum or in five or ten annual installments, based on the value of one share of Gibraltar common stock at that time. Following this grant, he holds 1,545.5 restricted stock units, 16,576 common shares directly, and 333.905 common shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Watorek Jeffrey J.
Role
VP and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (2018 MSPP Match) | 78.92 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock (401k) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (2018 MSPP Match) — 1,545.5 shares (Direct);
Common Stock — 16,576 shares (Direct);
Common Stock (401k) — 333.905 shares (Indirect, 401k)
Footnotes (1)
- 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 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 pursuant to the Company's 2018 Management Stock Purchase Plan.
Key Figures
RSU grant: 78.92 units
Total RSUs after grant: 1,545.5 units
Direct common stock holdings: 16,576 shares
+2 more
5 metrics
RSU grant
78.92 units
Matching restricted stock units granted on March 31, 2026
Total RSUs after grant
1,545.5 units
Restricted stock units held following the reported grant
Direct common stock holdings
16,576 shares
Common stock directly held after the reported transactions
401(k) common stock holdings
333.905 shares
Common stock held indirectly through a 401(k) plan
RSU grant price
$0.00 per unit
Grant recorded with no purchase price to the executive
Key Terms
Restricted stock unit, 2018 Management Stock Purchase Plan, vesting commencement date, annual cash incentive compensation, +1 more
5 terms
Restricted stock unit financial
"Represents matching restricted stock units allocated to the Reporting Person"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2018 Management Stock Purchase Plan financial
"pursuant to the Company's 2018 Management Stock Purchase Plan"
vesting commencement date financial
"prior to the fifth (5th) anniversary of the Reporting Person's vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
annual cash incentive compensation financial
"deferral of a portion of their annual base salary and annual cash incentive compensation"
fair market value financial
"equal to the fair market value of one share of the Company's common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
What did ROCK executive Jeffrey Watorek report in this Form 4 filing?
Jeffrey Watorek reported receiving 78.92 matching restricted stock units as compensation. The units were granted under Gibraltar Industries’ 2018 Management Stock Purchase Plan, tied to his decision to defer part of his annual base salary and annual cash incentive compensation into the plan.
How do the new restricted stock units for ROCK’s Watorek vest and pay out?
The restricted stock units are forfeited if his officer service ends before the fifth anniversary of the vesting start date. If service continues beyond that point, they are paid only in cash after termination, either in a lump sum or five or ten annual installments.
Are Jeffrey Watorek’s restricted stock units in ROCK settled in stock or cash?
They are settled solely in cash, not in shares. After his officer service ends and subject to plan terms, each unit converts to cash equal to the fair market value of one Gibraltar Industries common share on the termination date.
What is the 2018 Management Stock Purchase Plan mentioned in ROCK’s Form 4?
The 2018 Management Stock Purchase Plan allows eligible executives to defer portions of base salary and cash incentives. In return, they receive matching restricted stock units, which in Watorek’s case are subject to forfeiture conditions and later cash settlement tied to Gibraltar Industries’ common stock value.