Form 4: Columbus McKinnon CEO David J. Wilson Reports Stock Transaction
SEC Form 4 Filing
David J. Wilson, President & CEO of Columbus McKinnon Corp, reports the disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 22, 2024, David J. Wilson, the President & CEO of Columbus McKinnon Corp, reported a transaction involving the disposition of 4,780.6772 shares of common stock to satisfy tax withholding obligations.
- This transaction occurred following the full vesting of 10,878.6772 restricted stock units on May 22, 2024.
- The shares were disposed of at a price of $44.87 per share.
- Following the transaction, Wilson beneficially owns 130,797.588 shares of Columbus McKinnon Corp.
- Of these, 53,006.588 shares are restricted stock subject to forfeiture under certain conditions, including continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document outlines future vesting schedules for restricted stock units, contingent upon the reporting person's continued employment with the issuer.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/22/2022 | 10,878.6772 restricted stock units became fully vested. |
| 05/22/2024 | Date of stock transaction where 4,780.6772 shares were disposed of to cover tax obligations. |
| 05/23/2024 | Date of Form 4 filing. |
| 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. |
| 05/20/2025 | 33.33% of 21,903 shares become fully vested. |
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