RPM CFO exercises 30,000 stock appreciation rights
RPM International VP and CFO L. Russell Gordon exercised stock appreciation rights linked to 30,000 shares of common stock at $50.99 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
RPM International VP and CFO L. Russell Gordon exercised stock appreciation rights linked to 30,000 shares of common stock at $50.99 per share. This increased his direct common stock holdings to 166,011 shares.
On the same date, 5,038 shares were disposed of at $103.70 per share to cover tax obligations, and 14,752 shares were disposed of to the issuer at the same price. His position now includes 7,866 unvested restricted shares and 5,540 Performance Earned Restricted Stock shares. Since his last report, he also transferred 61,201.3 shares to his ex‑spouse under a domestic relations order and no longer reports those shares as beneficially owned.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights` | 30,000 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 30,000 | $50.99 | $1.53M |
| Disposition | Common Stock, $0.01 par value | 14,752 | $103.70 | $1.53M |
| Exercise Price or Tax Liability | Common Stock, $0.01 par value | 5,038 | $103.70 | $522K |
Footnotes (3)
- F1. Since the date of the Reporting Person's last ownership report, the Reporting Person transferred 61,201.3 shares of Common Stock to his ex-spouse pursuant to a domestic relations order. The Reporting Person no longer reports as beneficially owned any securities owned by his ex-spouse.
- F2. Includes an aggregate of 7,866 unvested restricted shares of Common Stock and 5,540 shares of Common Stock, issued as Performance Earned Restricted Stock.
- F3. The Stock Appreciation Rights vested on July 25, 2017, 2018, 2019 and 2020.
Key Figures
Key Terms
tax-withholding disposition financial
Disposition to issuer financial
Stock Appreciation Rights financial
Performance Earned Restricted Stock financial
domestic relations order financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RPM (RPM) CFO L. Russell Gordon do in this Form 4?
What is the disposition to issuer reported for RPM (RPM) stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.