Form 4: Columbus McKinnon Corp Executive Appal Chintapalli Reports Stock Transactions
SEC Form 4 Filing
Appal Chintapalli, President of EMEA & APAC at Columbus McKinnon Corp, reports the vesting and subsequent transaction of restricted stock units to cover tax obligations.
Summary
- On May 16, 2024, Appal Chintapalli, President of EMEA & APAC at Columbus McKinnon Corp, reported a transaction involving common stock.
- 368.5933 shares were disposed of to satisfy tax withholding obligations related to the vesting of 1,296.5933 restricted stock units.
- The transaction price was $44.98 per share.
- Following the transaction, Chintapalli beneficially owns 18,034.2372 shares of common stock, including restricted stock subject to forfeiture.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The reporting person will continue to vest in restricted stock over the next three years, contingent on continued employment with the issuer.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Vesting of restricted stock units and disposal of shares for tax obligations. |
| 05/17/2024 | 873.2169 shares become fully vested. |
| 05/16/2025 | 1,295.5778 shares become fully vested. |
| 05/22/2024 | 5,028.4425 shares become fully vested 33.33% per year for 3 years beginning on this date. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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