Form 4: Ampco-Pittsburgh Director Receives Stock Grant

Director Robert DeMichiei of Ampco-Pittsburgh Corp. received a grant of 12,728 shares of restricted stock on May 15, 2024.

Summary

• Robert DeMichiei, a director of Ampco-Pittsburgh Corp, reported a transaction on May 15, 2024.
• He 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 May 18, 2023.
• The restricted stock vests on the first anniversary of the grant date.
• Following the transaction, DeMichiei beneficially owns 65,457 shares of Ampco-Pittsburgh Corp.
• The transaction was reported on May 17, 2024.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate governance practice of incentivizing directors with stock grants, which is generally viewed positively.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize performance and align their interests with shareholders.

Comparison to Industry Standards

• Stock grants to directors are a common practice across various industries.
• Companies like General Electric and Siemens also use stock grants as part of their executive compensation packages.
• The vesting period of one year is fairly standard for restricted stock grants.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates