4/A: Columbus McKinnon CEO David J. Wilson Amends SEC Filing to Correct Beneficial Ownership
SEC Form 4/A Amendment
David J. Wilson, President & CEO of Columbus McKinnon Corp, files an amended Form 4 with the SEC to correct the amount of securities beneficially owned following a previous transaction.
Summary
- David J. Wilson, the President and CEO of Columbus McKinnon Corp, filed an amended Form 4 with the SEC on June 5, 2024.
- This amendment corrects an error in the amount of securities beneficially owned following a transaction reported in a previous Form 4 filed on May 22, 2024, and amended on May 24, 2024.
- The transaction on May 22, 2024, involved the disposition of 4,780.6772 shares of common stock at a price of $44.87 to cover tax withholding obligations after 10,878.6772 restricted stock units vested.
- Following the reported transaction, Wilson beneficially owns 130,290.588 shares of Columbus McKinnon Corp.
- These shares include restricted stock that is subject to forfeiture and will vest over the next three years if Wilson remains an employee of the issuer.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The amendment suggests a minor administrative issue, but overall, it doesn't indicate significant positive or negative sentiment.
Future Outlook
The document outlines the vesting schedule for restricted stock units held by the CEO, indicating future vesting events dependent on continued employment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders regarding the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 05/22/2022 | 10,878.6772 restricted stock units became fully vested. |
| 05/22/2024 | Original transaction date; 4,780.6772 shares disposed of to cover tax obligations. |
| 05/24/2024 | Date of original Form 4 filing that was amended. |
| 05/16/2025 | 9,346.2336 shares of restricted stock become fully vested. |
| 05/22/2025 | 50% of 21,757.3544 shares become fully vested per year for 2 years. |
| 05/20/2025 | 33.33% of 21,396 shares become fully vested per year for three years. |
| 06/05/2024 | Date of amended Form 4/A filing. |
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