Form 4: Columbus McKinnon Corp Executive David J. Wilson Reports Share Transactions
SEC Form 4 Filing
David J. Wilson, President & CEO of Columbus McKinnon Corp, reports the acquisition of common stock and details of existing holdings including restricted stock and shares held in trust.
Summary
- David J. Wilson, President & CEO of Columbus McKinnon Corp, reported acquiring 98.8998 shares of common stock.
- These shares were acquired at a price of $0.
- Following the transaction, Mr. Wilson directly owns 130,500.8331 shares of common stock.
- He also indirectly owns 31,300 shares through The Wilson Family Children's Trust.
- The report details that 52,709.8331 of the directly held shares are restricted stock with vesting schedules over the next three years.
- The trust shares are held by The Wilson Family Children's Trust, of which Mr. Wilson's spouse is a trustee and his immediate family are beneficiaries.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders who trade their company's stock. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- Form 4 filings are a standard practice for all publicly traded companies in the US, ensuring transparency of insider trading.
- The vesting schedules for restricted stock are common practice for executive compensation packages, aligning management interests with long-term company performance.
- The use of family trusts for holding shares is also a common practice for estate planning and wealth management.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key executive.
- The vesting schedule of restricted stock aligns the executive's interests with the long-term performance of the company.
Key Dates
| Date | Description |
|---|---|
| 11/18/2024 | Date of the reported transaction where shares were acquired. |
| 11/20/2024 | Date the form was signed. |
| 5/16/2025 | Date when 9,383.3048 shares of restricted stock become fully vested. |
| 5/22/2025 | Date when 21,844.3602 shares of restricted stock begin vesting 50% per year for two years. |
| 5/20/2025 | Date when 21,482.1681 shares of restricted stock begin vesting 33.33% per year for three years. |
Keywords
insider trading, share ownership, restricted stock, beneficial ownership, executive compensation, Columbus McKinnon Corp, CMCO
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