Gibraltar director granted 3,059 ROCK shares
Nish James B reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Nish James B reported acquisition or exercise transactions in this Form 4 filing.
Gibraltar Industries director James B. Nish reported a compensation-related equity award. He received a grant of 3,059 shares of common stock at $37.59 per share, bringing his directly held common stock position to 15,035 shares after the transaction.
The filing also shows deferred compensation in the form of restricted stock units under the Company’s Management Stock Purchase Plan. These units, tied to portions of his director fees and retainer, are ultimately payable solely in cash based on the company’s share price after his board service ends, and may be forfeited if service ends before age sixty.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,059 | $37.59 | $115K |
| holding | Restricted Stock Unit (MSPP Match Post-2012) | -- | -- | -- |
| holding | Restricted Stock Unit (MSPP Post-2012) | -- | -- | -- |
Footnotes (5)
- 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 matching restricted stock units allocated to the Reporting Person after 2012 with respect to the Reporting Person's deferral of a portion of his annual retainer fee pursuant to the Company's Management Stock Purchase Plan.
- F3. Restricted stock units are forfeited if Reporting Person's service as a director of the Company is terminated prior to age sixty (60). If service as a director continues through age sixty (60), 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 (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.
- F4. Represents restricted stock units allocated to the Reporting Person after 2012 pursuant to the Company's Management Stock Purchase Plan to reflect the Reporting Person's deferral of a portion of his director meeting fees and his annual director retainer fee.
- F5. 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 units financial
Management Stock Purchase Plan financial
annual retainer fee financial
director meeting fees financial
200 day rolling average financial
FAQ
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What insider transaction did ROCK director James B. Nish report?
What are the restricted stock units reported by James B. Nish at ROCK?
Are James B. Nish’s ROCK restricted stock units settled in stock or cash?
Under what conditions can James B. Nish’s ROCK restricted stock units be forfeited?
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