Form 4: Columbus McKinnon Executive VP Acquires and Disposes of Common Stock
SEC Form 4 Filing
Gregory P. Rustowicz, Executive VP and CFO of Columbus McKinnon Corp, reports acquiring and disposing of common stock and restricted stock units.
Summary
- On August 19, 2024, Gregory P. Rustowicz, Executive VP Finance and CFO of Columbus McKinnon Corp, engaged in transactions involving the company's common stock.
- Rustowicz acquired 26.7586 shares of common stock through dividend reinvestment at $0.
- Rustowicz disposed of 82,449.3171 shares of common stock.
- Following these transactions, Rustowicz beneficially owns 12,646.3171 shares of restricted stock subject to forfeiture, vesting over the next three years if he remains an employee.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative sentiment.
Future Outlook
The vesting of restricted stock is contingent upon the reporting person's continued employment with the issuer.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- Shareholders can monitor insider transactions for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock acquisition and disposition. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
| 5/16/2025 | 2,392.0860 shares become fully vested. |
| 5/22/2025 | 5,329.7503 shares become fully vested 50% per year for 2 years. |
| 5/20/2025 | 4,924.4808 shares become fully vested 33.33% per year for three years. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.