Form 4: Frederick D. DiSanto Reports Acquisition of Ampco-Pittsburgh Corp Stock
SEC Form 4 Filing
Director Frederick D. DiSanto reports acquisition of 12,728 shares of Ampco-Pittsburgh Corp stock through a restricted stock grant.
Summary
- On May 15, 2024, Frederick D. DiSanto, a director of Ampco-Pittsburgh Corp, acquired 12,728 shares of common stock.
- This acquisition was a grant of restricted stock under the company's 2016 Omnibus Incentive Plan, as amended and restated on May 18, 2023.
- The restricted stock vests on the first anniversary of the grant date.
- Following the transaction, DiSanto directly owns 72,633 shares.
- DiSanto may be deemed to indirectly beneficially own 491,517 shares held by Ancora Catalyst Institutional, LP, 42,774 shares held by Ancora Catalyst, LP, 484,535 shares held by Ancora Merlin Institutional, LP and 49,705 shares held by Ancora Merlin, LP due to his position as Chairman and CEO of Ancora Holdings Group, LLC.
- DiSanto disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It reports a transaction without expressing any positive or negative sentiment.
Positives
- The grant of restricted stock to a director aligns their interests with those of the shareholders.
- The vesting period encourages long-term commitment from the director.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Management Comments
- Mr. DiSanto expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence as it shows a director increasing their stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | Ampco-Pittsburgh Corporation 2016 Omnibus Incentive Plan was amended and restated |
| 05/15/2024 | Date of transaction: Frederick D. DiSanto acquired 12,728 shares of common stock |
| 05/17/2024 | Date of signature on the Form 4 filing |
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