RPM International (NYSE: RPM) CFO exercises 30,000 stock rights and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,000 shares exercised/converted
Mixed
4 txns
Insider
Gordon Russell L
Role
VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights` | 30,000 | $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 |
| Tax Withholding | Common Stock, $0.01 par value | 5,038 | $103.70 | $522K |
Holdings After Transaction:
Stock Appreciation Rights` — 160,000 shares (Direct, null);
Common Stock, $0.01 par value — 166,011 shares (Direct, null)
Footnotes (1)
- 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. 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. The Stock Appreciation Rights vested on July 25, 2017, 2018, 2019 and 2020.
Key Figures
Exercised shares: 30,000 shares
Exercise price: $50.99/share
Tax-withholding shares: 5,038 shares
+5 more
8 metrics
Exercised shares
30,000 shares
Stock Appreciation Rights exercised at $50.99 per share on April 28, 2026
Exercise price
$50.99/share
Conversion price for 30,000 Stock Appreciation Rights
Tax-withholding shares
5,038 shares
Shares disposed at $103.70 per share to cover tax liability
Issuer disposition
14,752 shares
Shares disposed to issuer at $103.70 per share
Common shares held after
166,011 shares
Direct RPM common stock ownership following transactions
Unvested restricted shares
7,866 shares
Unvested restricted RPM common stock included in holdings
Performance Earned Restricted Stock
5,540 shares
Performance Earned Restricted Stock included in direct holdings
Transferred to ex-spouse
61,201.3 shares
Shares moved under a domestic relations order since last report
Key Terms
tax-withholding disposition, Disposition to issuer, Stock Appreciation Rights, Performance Earned Restricted Stock, +1 more
5 terms
tax-withholding disposition financial
"shares were disposed of at $103.70 per share to cover tax obligations"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Disposition to issuer financial
"14,752 shares were disposed of to the issuer at the same price"
Stock Appreciation Rights financial
"exercised stock appreciation rights linked to 30,000 shares of common stock"
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Performance Earned Restricted Stock financial
"5,540 shares of Common Stock, issued as Performance Earned Restricted Stock"
domestic relations order financial
"transferred 61,201.3 shares of Common Stock to his ex-spouse pursuant to a domestic relations order"
FAQ
What did RPM (RPM) CFO L. Russell Gordon do in this Form 4?
He exercised stock appreciation rights for 30,000 shares of RPM common stock at $50.99 per share and reported related share dispositions, updating his direct ownership position in the company.
What is the disposition to issuer reported for RPM (RPM) stock?
The Form 4 records a disposition to the issuer of 14,752 shares of RPM common stock at $103.70 per share, classified as an issuer disposition rather than an open-market sale of shares.