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 16, 2024, Alan S. Korman, Sr VP, Gen'l Counsel & Sec of Columbus McKinnon Corp, reported transactions related to restricted stock units.
- 1,736.2367 restricted stock units vested, with 691 shares traded and 0.2367 converted to cash to cover tax obligations at a price of $44.98.
- Following the transaction, Korman beneficially owns 37,686.2868 shares of Columbus McKinnon Corp.
- This total includes 8,696.2868 shares of restricted stock subject to forfeiture, vesting over the next three years.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider, with no inherent positive or negative implications for the company's performance.
Future Outlook
The reporting person holds 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, which is common and required by the SEC to ensure transparency and prevent insider trading.
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 |
|---|---|
| 05/16/2024 | Date of transaction: Vesting of restricted stock units and subsequent sale to cover tax obligations. |
| 05/17/2024 | 1,303.1865 shares of restricted stock become fully vested. |
| 05/16/2025 | 1,735.2213 shares of restricted stock become fully vested. |
| 05/22/2024 | Beginning of 3-year vesting period for 5,657.8790 shares of restricted stock, vesting 33.33% per year. |
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