Gibraltar Industries director awarded cash-settled RSUs
Shah Manish H reported acquisition or exercise transactions in this Form 4 filing.
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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 restricted stock units tied to deferred board fees. He was awarded 483.31 restricted stock units under the MSPP, which are payable solely in cash after his board service ends, based on the fair market value of Gibraltar’s common stock. Following this award, he holds 7,649.37 restricted stock units linked to the company’s stock and 12,734 common shares directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (MSPP Post-2012) | 483.31 | $49.14 | $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
fair market value (200 day rolling average) financial
termination of service as a director financial
FAQ
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What insider transaction did ROCK director Manish H. Shah report?
How are Manish H. Shah’s restricted stock units in ROCK settled?
How many ROCK restricted stock units does Manish H. Shah hold after this filing?
What determines the cash value of Manish H. Shah’s ROCK restricted stock units?
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