Gibraltar Industries (ROCK) exec uses 2,601 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibraltar Industries general counsel Katherine Bolanowski reported a tax-related share disposition. On March 4, 2026, 2,601 shares of common stock were withheld at $43.05 per share to cover tax obligations from vesting performance stock units, leaving 15,989 shares of common stock directly owned. She also holds 6,343.09 matching restricted stock units under the 2018 Management Stock Purchase Plan, which may be forfeited if her officer service ends before the fifth anniversary of her vesting start date and are ultimately settled in cash after service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bolanowski Katherine
Role
General Counsel, VP, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,601 | $43.05 | $112K |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,989 shares (Direct);
Restricted Stock Unit (2018 MSPP Match) — 6,343.09 shares (Direct)
Footnotes (1)
- Represents shares withheld to cover the tax withholding obligation related to the vesting on March 1, 2026 of the Reporting Person's Performance Stock Units. 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.
FAQ
What insider transaction did ROCK executive Katherine Bolanowski report?
Katherine Bolanowski reported shares withheld for taxes, not an open-market sale. On March 4, 2026, 2,601 Gibraltar Industries common shares were used to satisfy tax obligations from vesting performance stock units, a routine administrative transaction rather than a discretionary trade.
What restricted stock units does Katherine Bolanowski hold under ROCK’s 2018 plan?
She holds 6,343.09 matching restricted stock units under the 2018 Management Stock Purchase Plan. These units relate to deferrals of salary and cash incentives and are forfeited if her officer service ends before the fifth anniversary of her vesting commencement date.
How are ROCK restricted stock units under the 2018 plan ultimately paid?
The restricted stock units are ultimately payable solely in cash, not shares. After Katherine Bolanowski’s officer service ends beyond the five-year vesting mark, they are converted to a cash amount equal to the fair market value of one common share per unit on the termination date.