Form 4: Columbus McKinnon Exec Brant Reports Stock Transactions Following Vesting
SEC Form 4 Filing
Bert A. Brant, Sr VP of Global Manufacturing Operations at Columbus McKinnon, reports stock transactions related to vesting of restricted stock units and performance shares.
Summary
- On May 17, 2024, Bert A. Brant, Sr VP of Global Manufacturing Operations at Columbus McKinnon Corp, reported transactions involving the company's common stock.
- 573.2291 shares were disposed of at $44.76 to cover tax obligations after 1305.2291 restricted stock units vested.
- Brant also acquired 1,039 shares at $44.76 related to performance shares issued under the company's 2016 Long Term Incentive Plan.
- Following these transactions, Brant beneficially owns 29,600.464 shares of Columbus McKinnon common stock, including restricted stock subject to future vesting.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required information about stock transactions. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The reporting person has remaining restricted stock that will vest in the future, contingent on continued employment with the issuer.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of stock transactions: disposal of shares for tax withholding and acquisition of performance shares. |
| 05/17/2024 | 1305.2291 restricted stock units became fully vested. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
| 05/16/2025 | 1,633.6870 shares of restricted stock become fully vested. |
| 05/22/2024 | 33.33% of 5,217.7770 shares become fully vested per year for three years beginning on this date. |
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