Tax-withholding share move by Gibraltar (ROCK) VP Jeffrey Watorek detailed
Rhea-AI Filing Summary
Gibraltar Industries VP and Treasurer Jeffrey J. Watorek reported a tax-related share disposition. On March 1, 2026, 278 shares of Gibraltar Industries common stock were disposed of at $45.48 per share to satisfy tax obligations through a tax-withholding transaction, not an open-market sale.
After this transaction, Watorek directly owned 18,348 shares of common stock. He also had 1,406.970 matching restricted stock units under the 2018 Management Stock Purchase Plan and 333.905 shares of common stock held indirectly through a 401(k) account.
The footnotes explain that these matching restricted stock units are tied to deferred base salary and incentive compensation and may be forfeited if his service as an officer ends before the fifth anniversary of his vesting commencement date. If service continues beyond that point, the units are settled solely in cash based on the fair market value of the company’s stock at the time his service terminates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 278 | $45.48 | $13K |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| holding | Common Stock (401k) | -- | -- | -- |
Footnotes (1)
- 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. 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.