Form 4: Columbus McKinnon Corp Executive Reports Stock Transaction

Mark R. Paradowski, Sr. VP of Information Services at Columbus McKinnon Corp, reports the vesting and subsequent transaction of restricted stock units to cover tax obligations.

Summary

• On May 16, 2024, Mark R. Paradowski, Sr. VP of Information Services at Columbus McKinnon Corp, had 1,021.4352 restricted stock units fully vested.
• Of these, 456 shares were traded, and 0.4352 shares were converted to cash to satisfy tax withholding obligations at a price of $44.98 per share.
• Following the transaction, Paradowski beneficially owns 24,421.2104 shares of common stock, including restricted stock subject to forfeiture.
• 619.9329 shares become fully vested on May 17, 2024, 1,020.4198 shares become fully vested on May 16, 2025, and 3,384.8577 shares become fully vested 33.33% per year for 3 years beginning May 22, 2024, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations related to vesting.

Key Dates