Gibraltar Industries (ROCK) VP awarded 59.610 matching RSUs in cash-settled plan
Rhea-AI Filing Summary
Watorek Jeffrey J. reported acquisition or exercise transactions in this Form 4 filing.
Gibraltar Industries VP and Treasurer Jeffrey J. Watorek received an award of 59.610 restricted stock units on March 6, 2026 as a matching grant under the company’s 2018 Management Stock Purchase Plan, tied to his deferral of base salary and cash incentive pay.
The units are forfeited if his officer service ends before the fifth anniversary of his vesting start date. If his service continues beyond that point, the units are settled in cash after he leaves, based on the fair market value of one share of Gibraltar’s common stock at that time, in either a lump sum or multi‑year installments.
Following this grant, Watorek holds 1,466.580 restricted stock units, 16,576 common shares directly, and 333.905 common shares indirectly through a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (2018 MSPP Match) | 59.61 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| 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. Represents matching restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of their annual cash incentive compensation pursuant to the Company's 2018 Management Stock Purchase Plan.