Form 4: Columbus McKinnon Exec Alan S. Korman Reports Stock Transactions
SEC Form 4 Filing
Alan S. Korman, Sr VP, Gen'l Counsel & Sec of Columbus McKinnon Corp, reports acquisition and disposal of common stock to cover tax obligations related to vesting of restricted stock units and performance shares.
Summary
- On May 16, 2025, Alan S. Korman, a Senior VP, Gen'l Counsel & Secretary at Columbus McKinnon Corp, reported transactions involving the company's common stock.
- Korman disposed of 724.6155 shares of common stock at $17.68 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
- He also acquired 2,079 shares at $17.68 per share related to performance shares issued under the company's 2016 Long Term Incentive Plan, with 1,168 shares traded to cover tax obligations.
- Following these transactions, Korman beneficially owns 42,672.7564 shares of Columbus McKinnon Corp.
- A portion of these shares are restricted stock, vesting over the next two to three years contingent upon continued employment.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The reporting person has restricted stock that will vest over the next 2-3 years, contingent on continued employment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 07/18/2016 | Columbus McKinnon Corporation 2016 Long Term Incentive Plan dated as of July 18, 2016 (as amended and restated) |
| 05/16/2025 | Date of earliest transaction: disposal of shares to cover tax obligations and acquisition of performance shares. |
| 05/16/2025 | 1,754.6155 restricted stock units became fully vested on 5/16/2025. |
| 05/20/2025 | 3,535.6735 shares become fully vested 33.33% per year for three years beginning 5/20/2025, if reporting person remains an employee of issuer. |
| 05/22/2025 | 3,814.0829 shares become fully vested 50% per year for 2 years beginning 5/22/2025, if reporting person remains an employee of issuer. |
Keywords
Form 4, insider trading, stock transaction, Alan S. Korman, Columbus McKinnon, CMCO
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