Form 4: Ampco-Pittsburgh Corp Executive McAuley Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Senior VP, CFO & Treasurer of Ampco-Pittsburgh Corp, Michael G. McAuley, reports disposing of 2,022 shares of common stock to cover tax liabilities related to vesting of restricted stock units.
Summary
- On May 5, 2025, Michael G. McAuley, Senior VP, CFO & Treasurer of Ampco-Pittsburgh Corp, disposed of 2,022 shares of common stock.
- The disposal was to cover tax liabilities associated with the vesting of the 2022 grant of Restricted Stock Units.
- The transaction was executed at a price of $2.23 per share.
- Following the transaction, McAuley directly owns 153,365.635 shares of Ampco-Pittsburgh Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing relates to the tax obligations arising from the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction: disposal of 2,022 shares of common stock. |
| 05/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, AMPCO PITTSBURGH CORP, AP, Michael G. McAuley, Stock Disposal, Tax Liability, Restricted Stock Units, Insider Trading
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