Form 4: Columbus McKinnon Corp Executive Alan S. Korman Reports Stock Transactions
SEC Form 4 Filing
Alan S. Korman, Sr VP, Gen'l Counsel & Sec of Columbus McKinnon Corp, reports the vesting and subsequent transaction of restricted stock units to cover tax obligations.
Summary
- On May 22, 2024, Alan S. Korman, Sr VP, Gen'l Counsel & Sec of Columbus McKinnon Corp, reported transactions related to common stock.
- Specifically, 1,886.2954 restricted stock units vested, and 679 shares were disposed of at a price of $44.87 to cover tax withholding obligations.
- Following these transactions, Korman directly owns 41,287.8049 shares of Columbus McKinnon Corp.
- A portion of these shares are restricted and subject to forfeiture if Korman ceases to be an employee of the issuer.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and regulated to ensure transparency in the market. It provides insight into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Vesting of restricted stock units and disposal of shares for tax obligations. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
| 5/16/2025 | 1,735.2213 shares become fully vested. |
| 5/22/2025 | 50% of 3,771.5836 shares become fully vested per year for 2 years. |
| 5/20/2025 | 3,567 shares become fully vested 33.33% per year for three years. |
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.