4/A: Columbus McKinnon Executive Gregory Rustowicz Corrects Stock Ownership Reporting
SEC Filing (Form 4/A)
Gregory Rustowicz, Executive VP Finance and CFO of Columbus McKinnon Corp, files an amended Form 4 to correct previously reported stock unit issuances.
Summary
- Gregory Rustowicz, the Executive VP Finance and CFO of Columbus McKinnon Corp, filed an amended Form 4 with the SEC.
- The amendment corrects the number of restricted stock units issued to Rustowicz under the company's 2016 Long Term Incentive Plan.
- The original filing on May 22, 2024, incorrectly reported 5,031 units, while the corrected filing shows 4,914 units issued on May 20, 2024.
- The corrected filing indicates that Rustowicz beneficially owns 83,591.3055 shares of common stock following the reported transaction.
- The restricted stock units vest in three annual installments of 33.33% each, beginning on May 20, 2025, contingent upon Rustowicz's continued employment with Columbus McKinnon.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error, indicating standard corporate governance practices. It doesn't contain any information that would significantly impact investor sentiment negatively or positively.
Future Outlook
The restricted stock units will vest in three annual installments of 33.33% each, beginning on May 20, 2025, contingent upon Rustowicz's continued employment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The correction of the stock unit issuance ensures accurate reporting to shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the corrected transaction: issuance of restricted stock units. |
| 05/22/2024 | Date of the original Form 4 filing that contained an error. |
| 05/16/2025 | Date when 2,387.0717 shares of restricted stock become fully vested. |
| 05/20/2025 | First vesting date for the 4,914 restricted stock units (33.33%). |
| 05/22/2024 | First vesting date for the 7,978.2338 shares of restricted stock (33.33%). |
| 06/05/2019 | Effective date of the amended and restated 2016 Long Term Incentive Plan. |
| 06/05/2024 | Date of Gregory Rustowicz's signature on the amended Form 4. |
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