Form 4: Columbus McKinnon Corp Executive Alan S. Korman Reports Changes in Beneficial Ownership
SEC Form 4
Alan S. Korman, Sr VP, Gen'l Counsel & Sec of Columbus McKinnon Corp, reports acquisition and disposal of common stock and adjustments to restricted stock units.
Summary
- On May 12, 2025, Alan S. Korman, a Senior VP, Gen'l Counsel & Secretary at Columbus McKinnon Corp, reported changes in beneficial ownership.
- Korman acquired common stock through dividend reinvestment, totaling 34.7668 shares.
- The reported transaction also reflects a disposal of shares at $0 price.
- Following the reported transactions, Korman beneficially owns 41,318.3719 shares of common stock.
- This includes restricted stock that vests over the next few years, contingent on continued employment.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the transactions described don't inherently indicate positive or negative sentiment. It reflects standard compensation practices and insider trading regulations.
Future Outlook
The vesting of restricted stock units is contingent upon the reporting person's continued employment with the issuer.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units aligns the executive's interests with those of the shareholders, as the value of the stock is tied to the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Date of the transaction involving common stock acquisition and disposal. |
| 05/13/2025 | Date of signature for the Form 4 filing. |
| 05/16/2025 | 1,754.6155 shares become fully vested. |
| 05/20/2025 | 3,535.6735 shares become fully vested 33.33% per year for three years beginning. |
| 05/22/2025 | 3,814.0829 shares become fully vested 50% per year for 2 years beginning. |
Keywords
beneficial ownership, Form 4, Columbus McKinnon Corp, CMCO, Alan S. Korman, restricted stock units, dividend reinvestment, securities, transaction
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