Gibraltar VP logs tax-withholding stock disposition
Gibraltar Industries VP and CHRO Janet Anne Catlett reported routine compensation-related activity involving company stock and deferred compensation units.
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Form Type
4
Rhea-AI Filing Summary
Gibraltar Industries VP and CHRO Janet Anne Catlett reported routine compensation-related activity involving company stock and deferred compensation units. The Form 4 shows a tax-withholding disposition of 169 shares of common stock at $39.57 per share, leaving her with 13,418 directly held common shares. She also holds restricted stock units under the 2018 Management Stock Purchase Plan tied to deferrals of base salary and cash incentive compensation, which are settled in cash based on the future fair market value of Gibraltar common stock after her service ends.
Insider Trade Summary
Exercise Price or Tax Liability: 169 shares
Exercise Price or Tax Liability
3 txns
Insider
Catlett Janet Anne
Role
VP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 169 | $39.57 | $7K |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| holding | Restricted Stock Unit (2018 MSPP) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,418 shares (Direct);
Restricted Stock Unit (2018 MSPP Match) — 2,431.29 contracts (Direct);
Restricted Stock Unit (2018 MSPP) — 866.44 contracts (Direct)
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 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.
Key Figures
Tax-withholding shares: 169 shares
Tax-withholding price: $39.57/share
Common shares after transaction: 13,418 shares
+3 more
6 metrics
Tax-withholding shares
169 shares
Common stock delivered for tax liability at $39.57 per share
Tax-withholding price
$39.57/share
Price for 169-share tax-withholding disposition
Common shares after transaction
13,418 shares
Directly held Gibraltar Industries common stock after Form 4 events
RSU underlying shares (2018 MSPP)
866.44 shares
Underlying common stock linked to 2018 MSPP RSUs
RSU underlying shares (2018 MSPP Match)
2,431.29 shares
Underlying common stock linked to 2018 MSPP matching RSUs
RSU exercise price
$0.00
Exercise price for 2018 MSPP and 2018 MSPP Match RSUs
Key Terms
Restricted Stock Unit, 2018 Management Stock Purchase Plan, tax-withholding disposition, fair market value, +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"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ROCK executive Janet Anne Catlett report on this Form 4?
Janet Anne Catlett reported a tax-withholding disposition of 169 shares of Gibraltar Industries common stock at $39.57 per share. This transaction covered tax obligations and is not an open-market sale, and she continued to hold 13,418 common shares directly afterward.
What restricted stock units does Janet Anne Catlett hold under Gibraltar’s 2018 Management Stock Purchase Plan?
Janet Anne Catlett holds restricted stock units labeled 2018 MSPP and 2018 MSPP Match, linked to deferrals of base salary and annual cash incentive compensation. The filing shows 866.44 and 2,431.29 underlying shares of common stock associated with these cash-settled units.
How and when are Janet Anne Catlett’s Gibraltar 2018 MSPP restricted stock units paid out?
The footnotes state these restricted stock units are payable solely in cash after her officer service ends. Payment occurs in one lump sum or in five or ten annual installments, based on the fair market value of one Gibraltar common share at termination.
Are Janet Anne Catlett’s matching restricted stock units forfeitable under Gibraltar’s 2018 MSPP?
Yes. The filing explains that certain matching restricted stock units are forfeited if her service as an officer ends before the fifth anniversary of her vesting commencement date, underscoring their retention and service-contingent nature under the 2018 Management Stock Purchase Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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