Director Manish H. Shah (ROCK) receives cash-settled RSU grant tied to fees
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shah Manish H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (MSPP Post-2012) | 483.31 | $49.14 | $24K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (MSPP Post-2012) — 7,649.37 shares (Direct, null);
Common Stock — 12,734 shares (Direct, null)
Footnotes (1)
- 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. 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
RSU grant size: 483.31 units
RSU reference price: $49.14 per unit
RSUs held after grant: 7,649.37 units
+1 more
4 metrics
RSU grant size
483.31 units
Restricted Stock Unit (MSPP Post-2012) grant on 2026-07-02
RSU reference price
$49.14 per unit
Transaction price per restricted stock unit
RSUs held after grant
7,649.37 units
Total restricted stock units following transaction
Common shares held
12,734 shares
Common stock directly owned following transaction
Key Terms
Restricted Stock Unit (MSPP Post-2012), deferral of a portion of his/her annual director retainer fee, fair market value (200 day rolling average), termination of service as a director
4 terms
Restricted Stock Unit (MSPP Post-2012) financial
"Restricted Stock Unit (MSPP Post-2012)"
deferral of a portion of his/her annual director retainer fee financial
"with respect to the Reporting Person's deferral of a portion of his/her annual director retainer fee"
fair market value (200 day rolling average) financial
"equal to the fair market value (200 day rolling average) of one share of the Company's common stock"
termination of service as a director financial
"beginning six (6) months following termination of service as a director of the Company"
FAQ
What insider transaction did ROCK director Manish H. Shah report?
Manish H. Shah reported receiving 483.31 restricted stock units as a grant tied to his deferred director retainer fees. These units are part of Gibraltar Industries’ MSPP and represent a compensation-related acquisition, not an open-market stock purchase or sale.
How are Manish H. Shah’s restricted stock units in ROCK settled?
The restricted stock units are payable solely in cash, not shares of stock. Payment occurs in one lump sum or in five or ten annual installments, beginning six months after Shah’s service as a director of Gibraltar Industries ends, based on the stock’s fair market value.
How many ROCK restricted stock units does Manish H. Shah hold after this filing?
After the reported grant, Manish H. Shah holds 7,649.37 restricted stock units under the post-2012 MSPP. These units track the value of Gibraltar Industries’ common stock but will ultimately be settled in cash following his termination of board service.
What determines the cash value of Manish H. Shah’s ROCK restricted stock units?
Each restricted stock unit converts to cash equal to the 200-day rolling average fair market value of one Gibraltar Industries common share. This valuation is applied on the date Shah’s service as a director terminates, when the payout schedule begins.