Form 4: Ampco Pittsburgh Director Receives Restricted Stock Grant

Ampco Pittsburgh Corporation reports a restricted stock grant to Director Paul Laurence E under the 2016 Omnibus Incentive Plan.

Summary

• Paul Laurence E, a Director at Ampco Pittsburgh Corp, received a grant of 7,374 shares of common stock on May 15, 2026.
• This grant is part of the Ampco-Pittsburgh Corporation 2016 Omnibus Incentive Plan, as amended and restated on May 8, 2025.
• The restricted stock vests on the first anniversary of the grant date.
• Following this transaction, Paul Laurence E beneficially owns 91,742 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation event for a director rather than a significant financial or strategic development.

Positives

• Director Paul Laurence E received a significant grant of 7,374 restricted shares, indicating continued investment and alignment with the company's performance.
• The grant is made under an existing incentive plan, suggesting a structured approach to executive and director compensation.
• The restricted stock vests over one year, providing a retention incentive for the director.

Future Outlook

The restricted stock vests on the first anniversary of the grant date, indicating a future vesting event.

Industry Context

StockSavvy.ai notes that grants of restricted stock to directors are a common practice in the metals and manufacturing industry to align leadership interests with shareholder value and to incentivize long-term performance.

Stakeholder Impact

• Shareholders: The grant aligns director interests with long-term shareholder value, as the director's compensation is tied to the company's performance and stock value.
• Employees: The use of an incentive plan for directors may reflect broader compensation strategies within the company.

Next Steps

• Vesting of restricted stock on the first anniversary of the grant date (May 15, 2027).

Key Dates

Keywords

Form 4, SEC Filing, Ampco Pittsburgh Corp, Restricted Stock, Incentive Plan, Director Compensation, Beneficial Ownership, Insider Trading