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

Samuel Lyon, President of Union Electric at Ampco-Pittsburgh Corp, reports acquisition and disposal of company stock and performance rights.

Summary

• On May 15, 2025, Samuel Lyon, President of Union Electric at Ampco-Pittsburgh Corp, reported transactions involving the company's stock.
• Lyon disposed of 3,375 shares of common stock at $2.26 per share to cover tax liabilities related to vesting restricted stock units.
• He also acquired 24,735 restricted stock units under the company's 2016 Omnibus Incentive Plan, which vest in three equal annual installments starting May 15, 2026.
• Additionally, Lyon acquired 25,485 performance rights, which will vest on May 15, 2028, and could result in a payout ranging from 0% to 200% of the target amount depending on the company's stock price performance through December 31, 2027.
• Following these transactions, Lyon directly owns 161,911 shares of Ampco-Pittsburgh Corp common stock and 25,485 performance rights.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports transactions related to executive compensation, which are standard corporate practices. There are no explicit positive or negative indicators, but the alignment of executive interests with shareholder value is generally viewed favorably.

Positives

• The grant of restricted stock units and performance rights to a key executive like Samuel Lyon aligns his interests with the long-term success of Ampco-Pittsburgh Corp.
• The vesting schedule of the restricted stock units (annual installments) encourages continued service and contribution from the executive.

Risks

• The value of the performance rights is contingent on the company's stock price reaching specified levels, which introduces uncertainty.
• The potential dilution of existing shareholders' equity due to the issuance of new shares upon vesting of the restricted stock units and performance rights.

Future Outlook

The vesting of restricted stock units and performance rights is contingent on continued service and the company's stock price performance, respectively, aligning executive compensation with shareholder value.

Industry Context

Executive compensation through stock grants and performance-based incentives is a common practice in publicly traded companies to align management's interests with those of shareholders. The specific terms of these grants, such as vesting schedules and performance metrics, vary depending on the company and industry.

Comparison to Industry Standards

• Stock grants and performance rights are common compensation tools.
• Companies like General Electric and Siemens also use similar long-term incentive plans.
• The vesting schedule and performance metrics are typical for companies of similar size and industry.

Stakeholder Impact

• Shareholders may be impacted by potential dilution from the issuance of shares upon vesting of restricted stock units and performance rights.
• The executive, Samuel Lyon, is directly impacted through changes in his stock ownership and potential future compensation.

Key Dates

Keywords

Ampco-Pittsburgh Corp, Samuel Lyon, stock, restricted stock units, performance rights, insider trading, Form 4, Union Electric