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 acquisition and disposal of common stock related to vesting of restricted stock units and performance shares.
Summary
- On May 17, 2024, Alan S. Korman, Sr VP, Gen'l Counsel & Sec of Columbus McKinnon Corp, reported transactions involving the company's common stock.
- 469.1865 shares were disposed of at $44.76 per share to cover tax obligations related to the vesting of restricted stock units.
- 1,183 shares were acquired at $44.76 per share related to performance shares issued under the company's 2016 Long Term Incentive Plan.
- Following these transactions, Korman beneficially owns 38,400.1003 shares of Columbus McKinnon Corp.
- This total includes 7,393.1003 shares of restricted stock that vest over time, contingent on continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The reporting person has restricted stock that will continue to vest over the next three years, contingent on continued employment with the issuer.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company executives and their holdings in the company.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of stock transactions: disposal of shares for tax obligations and acquisition of performance shares. |
| 05/17/2024 | 1,303.1865 restricted stock units became fully vested. |
| 05/22/2024 | Vesting start date for 5,657.8790 restricted shares, vesting 33.33% per year for 3 years. |
| 05/16/2025 | 1,735.2213 shares become fully vested. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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