4/A: Columbus McKinnon CFO Gregory Rustowicz Amends SEC Filing Regarding Stock Transactions
SEC Filing (Form 4/A)
Gregory Rustowicz, CFO of Columbus McKinnon, amended a previous SEC filing to correct the amount of securities beneficially owned following a transaction involving restricted stock units.
Summary
- Gregory Rustowicz, the Executive VP Finance and CFO of Columbus McKinnon Corp, filed an amendment to a previous Form 4 regarding changes in beneficial ownership of company stock.
- The amendment, filed on June 5, 2024, corrects an error in the amount of securities beneficially owned following a transaction on May 22, 2024.
- On May 22, 2024, 2,659.7470 restricted stock units vested, with 1,168 shares traded and 0.7470 shares converted to cash for tax withholding at a price of $44.87.
- Following the reported transaction, Rustowicz beneficially owns 82,422.5585 shares of common stock, which includes restricted stock subject to forfeiture if he is no longer an employee.
- The restricted stock vests over several years, with portions vesting in May 2025, and then in installments annually in May 2026, May 2027 and May 2028.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply corrects a previous error in reporting stock ownership. The vesting of restricted stock units is generally a positive sign, aligning executive interests with shareholder value.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The correction of the filing ensures transparency for shareholders regarding executive stock ownership.
- The vesting of restricted stock units aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of the stock transaction where restricted stock units vested and shares were traded/converted to cash. |
| 05/24/2024 | Date of original Form 4 filing (incorrect). |
| 05/16/2025 | 2,387.0717 shares of restricted stock become fully vested. |
| 05/22/2025 | 50% of 5,318.4868 shares become fully vested. |
| 05/20/2025 | 33.33% of 4,914 shares become fully vested. |
| 06/05/2024 | Date of amended Form 4/A filing to correct the amount of securities beneficially owned. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.