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 the vesting and subsequent disposal of shares to cover tax obligations.

Summary

• On May 16, 2024, Terry Schadeberg, President of the Americas at Columbus McKinnon Corp, had 1,736.2367 restricted stock units fully vested.
• 549 shares were traded and 0.2367 shares were converted to cash to satisfy tax withholding obligations at a price of $44.98 per share.
• Following the transaction, Schadeberg beneficially owns 15,504.1667 shares of common stock, which includes 7,828.1667 shares of restricted stock subject to forfeiture.
• 1,735.2213 shares become fully vested on May 16, 2025, and 6,092.9454 shares become fully vested 33.33% per year for 3 years beginning May 22, 2024, contingent upon continued employment.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard reporting of insider trading activity related to vesting of stock and covering tax obligations.

Future Outlook

Future vesting of restricted stock is contingent upon continued employment with Columbus McKinnon Corp.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. 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 insider transaction.

Key Dates