Form 4: Columbus McKinnon Corp: Executive Terry Schadeberg Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Terry Schadeberg, President of the Americas at Columbus McKinnon Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On May 13, 2024, Terry Schadeberg, President of the Americas at Columbus McKinnon Corp, reported changes in beneficial ownership.
- Schadeberg acquired 14.9252 shares of common stock through dividend reinvestment.
- Following the transaction, Schadeberg beneficially owns 16,053.4034 shares of common stock.
- This includes 9,564.4034 shares of restricted stock subject to forfeiture, vesting over two to three years.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document reports routine transactions related to executive compensation and dividend reinvestment. There are no indications of significant positive or negative events.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices and investment activity by an executive.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The vesting schedule of restricted stock units incentivizes the executive to remain with the company.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | Date of signature by Mary C. O'Connor as POA of Terry Schadeberg |
| 05/13/2024 | Date of the transaction involving common stock acquisition. |
| 05/16/2024 | Start date for 50% per year vesting of 3,471.4580 restricted stock shares over 2 years. |
| 05/22/2024 | Start date for 33.33% per year vesting of 6,092.9454 restricted stock shares over 3 years. |
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