Form 4: Columbus McKinnon Corp Executive Terry Schadeberg Reports Stock Transaction

Terry Schadeberg, President of the Americas at Columbus McKinnon Corp, reports a transaction involving common stock to cover tax obligations upon vesting of restricted stock units.

Summary

• On May 22, 2024, Terry Schadeberg, President of the Americas at Columbus McKinnon Corp, filed a Form 4.
• The filing reports a transaction where 649.3175 shares of common stock were disposed of at a price of $44.87 to satisfy tax withholding obligations upon the vesting of 2,031.3175 restricted stock units.
• Following the transaction, Schadeberg beneficially owns 18,696.8492 shares of Columbus McKinnon Corp.
• These shares include 9,638.8492 shares of restricted stock subject to forfeiture, vesting over the next three years.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock transaction related to vesting of restricted stock units. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The reporting person holds restricted stock that will vest over the next three years, contingent on continued employment with the issuer.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with company performance.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
• The vesting schedule of the remaining restricted stock incentivizes the executive to remain with the company.

Key Dates