Form 4: Ampco-Pittsburgh Corp Executive McAuley Reports Stock Transactions

Senior VP, CFO & Treasurer Michael G. McAuley reports acquisition and disposal of Ampco-Pittsburgh Corp stock due to tax liabilities and a grant of restricted stock units.

Summary

• Michael G. McAuley, Senior VP, CFO & Treasurer of Ampco-Pittsburgh Corp, reported transactions involving the company's common stock on May 15, 2025.
• McAuley disposed of 2,052 shares at $2.26 to cover tax liabilities related to vesting performance-based restricted stock units.
• An additional 2,278 shares were disposed of at $2.26 to cover tax liabilities from the 2024 grant of Restricted Stock Units.
• McAuley acquired 26,730 restricted stock units, vesting in three equal annual installments starting May 15, 2026.
• He also acquired 27,540 performance rights which will vest on May 15, 2028, with the number of shares ranging from 0% to 200% of the target based on the company's stock price performance until December 31, 2027.
• Following these transactions, McAuley directly owns 175,765.635 shares of common stock and 27,540 performance rights.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to executive compensation. There is no indication of significant positive or negative sentiment.

Positives

• The grant of restricted stock units and performance rights aligns McAuley's interests with the long-term performance of the company.
• The vesting schedule of the restricted stock units encourages continued service with the company.

Risks

• The value of the performance rights is contingent on the company's stock price reaching specified levels, which may not occur.
• The disposal of shares to cover tax liabilities could be perceived negatively if it suggests a lack of confidence in the company's future performance, although it is a common practice.

Future Outlook

The number of shares of common stock payable upon vesting of the performance rights, which will occur on May 15, 2028, could range from 0% to 200% of target, if and to the extent that the Company's stock price reaches specified levels during the performance period ending on December 31, 2027.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation and incentive plans. The details of these transactions are closely watched by investors for insights into management's view of the company's prospects.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units and performance rights are standard practice among publicly traded companies to align management interests with shareholder value.
• Vesting schedules and performance metrics vary widely across industries and companies, but typically aim to incentivize long-term growth and profitability.
• Comparable companies in the industrial sector, such as Allegheny Technologies Incorporated and Carpenter Technology Corporation, also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may be interested in the details of executive compensation and its alignment with company performance.
• Employees may view the equity grants as a positive sign of the company's commitment to its leadership team.

Next Steps

• Monitor the company's stock price performance to assess the potential payout of the performance rights.
• Track future Form 4 filings to observe any further changes in McAuley's beneficial ownership.

Key Dates

Keywords

Ampco-Pittsburgh Corp, McAuley, Stock Transactions, Restricted Stock Units, Performance Rights, Beneficial Ownership, Form 4