Form 4: Ampco-Pittsburgh Corp Executive Lyon Samuel Reports Stock Transactions

Samuel Lyon, President of Union Electric at Ampco-Pittsburgh Corp, reports disposition of shares for tax liability and acquisition of restricted stock units.

Summary

• On May 15, 2024, Samuel Lyon, President of Union Electric at Ampco-Pittsburgh Corp, reported changes in beneficial ownership.
• Lyon disposed of 2,760 shares of common stock to cover tax liabilities at a price of $1.61 per share.
• Lyon also acquired 22,080 restricted stock units (RSUs) with a value of $0.
• Following these transactions, Lyon directly owns 143,773 shares of Ampco-Pittsburgh Corp.
• The RSUs vest in three equal annual installments starting on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard executive compensation practices. The continued ownership of a significant number of shares is a positive sign.

Positives

• The grant of restricted stock units aligns executive compensation with the company's long-term performance.
• The executive's continued direct ownership of 143,773 shares demonstrates a continued investment in the company.

Future Outlook

The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date, incentivizing long-term performance.

Industry Context

Executive stock transactions are common and are often used to align management's interests with those of shareholders. Grants of restricted stock units are a typical component of executive compensation packages in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock units, are common across publicly traded companies to align management incentives with shareholder value.
• Companies like General Electric and Siemens also utilize similar incentive plans for their executives.

Stakeholder Impact

• The stock transactions have a minor impact on shareholders as they are related to executive compensation and tax obligations.
• The vesting of restricted stock units incentivizes the executive to improve company performance, which benefits shareholders.

Key Dates