Form 4: Ampco-Pittsburgh Director Elizabeth Anne Fessenden Reports Stock Grant

Director Elizabeth Anne Fessenden reports receiving a grant of restricted stock in Ampco-Pittsburgh Corporation.

Summary

• Elizabeth Anne Fessenden, a director of Ampco-Pittsburgh Corporation, filed a Form 4 to report a transaction.
• On May 15, 2025, she acquired 12,728 shares of common stock through a grant.
• The grant was part of the Ampco-Pittsburgh Corporation 2016 Omnibus Incentive Plan, as amended and restated on May 8, 2025.
• These restricted stock grants vest on the first anniversary of the grant date.
• Following the transaction, Fessenden beneficially owns 119,330 shares of Ampco-Pittsburgh Corporation.
• The transaction was signed by Kimberly P. Knox, attorney-in-fact, on May 15, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting period encourages long-term commitment from the director.

Future Outlook

The director's holdings will increase as the restricted stock vests, further aligning her interests with the company's long-term performance.

Industry Context

Stock grants are a common form of executive compensation used to incentivize performance and align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in publicly traded companies, often benchmarked against industry peers to attract and retain talent.
• Companies like Carpenter Technology Corporation and Allegheny Technologies Incorporated, which operate in similar sectors, also utilize stock grants as part of their executive compensation plans.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's performance.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Next Steps

• The restricted stock will vest on the first anniversary of the grant date.

Key Dates

Keywords

Form 4, Director, Stock Grant, Beneficial Ownership, Ampco-Pittsburgh, Fessenden, Restricted Stock, Incentive Plan