Form 4: Ampco-Pittsburgh Corp: Director Receives Restricted Stock Grant

Ampco-Pittsburgh Corporation reports a restricted stock grant to Director Elizabeth Anne Fessenden, vesting in one year.

Summary

• Director Elizabeth Anne Fessenden was granted 7,374 shares of common stock in Ampco-Pittsburgh Corporation.
• This grant is part of the Ampco-Pittsburgh Corporation 2016 Omnibus Incentive Plan, as amended.
• The restricted stock vests on the first anniversary of the grant date, which is May 15, 2026.
• Following this transaction, Fessenden beneficially owns 126,704 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation event for a director rather than a significant financial or strategic development.

Positives

• Director compensation through stock grants aligns management's interests with shareholders.
• The grant of 7,374 shares indicates continued investment in leadership by the company.

Future Outlook

The restricted stock vests on the first anniversary of the grant date, May 15, 2026, indicating a future potential increase in Fessenden's direct beneficial ownership.

Industry Context

StockSavvy.ai notes that grants of restricted stock are a common form of executive and director compensation in the manufacturing sector, designed to incentivize long-term performance and retention.

Stakeholder Impact

• Shareholders: The grant aligns director incentives with long-term company performance, potentially benefiting shareholders if the stock price increases.
• Employees: Standard compensation practice that does not directly impact employees.

Next Steps

• The restricted stock will vest on May 15, 2026.

Key Dates

Keywords

Ampco-Pittsburgh Corp, Form 4, Restricted Stock Grant, Director Compensation, Elizabeth Anne Fessenden, Omnibus Incentive Plan, Beneficial Ownership