Gibraltar director awarded 3,059 ROCK shares
Mizell Gwendolyn G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Mizell Gwendolyn G reported acquisition or exercise transactions in this Form 4 filing.
Gibraltar Industries director Gwendolyn G. Mizell received an equity grant of common stock as part of her non-employee director compensation program. She was awarded 3,059 shares of common stock at a reference price of $37.59 per share, increasing her direct holdings to 12,734 shares.
The filing also notes 533.637 restricted stock units under the MSPP Post-2012 program, tied to deferrals of her annual director retainer fee. These units are payable solely in cash after she leaves the board, based on the 200‑day rolling average fair market value of Gibraltar Industries’ common stock at that time.
Positive
- None.
Negative
- None.
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.
- 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
annual director retainer fee financial
non-employee directors financial
fair market value (200 day rolling average) financial
FAQ
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What did ROCK director Gwendolyn G. Mizell report in this Form 4?
What are the restricted stock units reported for ROCK’s director?
What determines the payout value of the ROCK restricted stock units?
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