4/A: Columbus McKinnon Executive Terry Schadeberg Amends Ownership Disclosure After Stock Vesting
Ownership Disclosure Amendment
Terry Schadeberg, President of the Americas at Columbus McKinnon, files an amended Form 4/A to correct the amount of securities beneficially owned following the vesting of restricted stock units and subsequent tax withholding.
Summary
- Terry Schadeberg, President of the Americas at Columbus McKinnon Corp, filed an amended Form 4/A on June 5, 2024, to correct a previously filed Form 4 from May 22, 2024.
- The amendment concerns changes in beneficial ownership of Columbus McKinnon common stock.
- On May 22, 2024, 2,031.3175 restricted stock units vested, leading to the trading of 649 shares and conversion of 0.3175 shares to cash for tax obligations at a price of $44.87.
- Following the transaction, Schadeberg beneficially owns 18,619.8492 shares of common stock, which includes restricted stock subject to forfeiture.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation.
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 related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The vesting of restricted stock units incentivizes the executive to remain with the company.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | 2,031.3175 restricted stock units vested; 649 shares traded, and 0.3175 shares converted to cash for tax obligations. |
| 05/22/2024 | Date of original transaction. |
| 05/24/2024 | Date of original Form 4 filing. |
| 05/16/2025 | 1,735.2213 shares of restricted stock become fully vested. |
| 05/22/2025 | 50% of 4,061.6279 shares become fully vested per year for 2 years. |
| 05/20/2025 | 3,765 shares become fully vested 33.33% per year for three years. |
| 06/05/2024 | Date of amended Form 4/A filing. |
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