Gibraltar Industries (ROCK) VP reports tax-withholding share disposition on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibraltar Industries VP and Treasurer Jeffrey J. Watorek reported a tax-related share disposition. On March 4, 2026, 2,962 shares of common stock were withheld at $43.05 per share to cover taxes tied to the March 1, 2026 vesting of his performance stock units.
After this withholding, he directly held 16,576 common shares, 1,406.97 matching restricted stock units under the 2018 Management Stock Purchase Plan, and indirectly held 333.905 common shares through a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Watorek Jeffrey J.
Role
VP and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,962 | $43.05 | $128K |
| holding | Restricted Stock Unit (2018 MSPP Match) | -- | -- | -- |
| holding | Common Stock (401k) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,576 shares (Direct);
Restricted Stock Unit (2018 MSPP Match) — 1,406.97 shares (Direct);
Common Stock (401k) — 333.905 shares (Indirect, 401k)
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 Jeffrey Watorek report?
Jeffrey J. Watorek reported shares withheld to pay taxes. On March 4, 2026, 2,962 Gibraltar Industries common shares were disposed of at $43.05 per share to satisfy tax withholding from performance stock units that vested on March 1, 2026.
Was the ROCK Form 4 transaction an open market sale?
The reported ROCK Form 4 transaction was not an open market sale. It was a tax-withholding disposition, where 2,962 shares were withheld by the company to cover Watorek’s tax obligation arising from vesting performance stock units on March 1, 2026.
What are the terms of Watorek’s ROCK restricted stock units under the 2018 plan?
Matching restricted stock units are allocated for deferrals of base salary and incentive pay. They are forfeited if his officer service ends before the fifth anniversary of vesting commencement and, if service continues, are payable solely in cash after termination under the 2018 Management Stock Purchase Plan.
How are Watorek’s ROCK restricted stock units ultimately settled?
If Watorek remains an officer beyond five years from vesting commencement, his restricted stock units are settled only in cash. Payment begins six months after termination of service, in one lump sum or five or ten annual installments, based on the fair market value of one common share.