Form 4: Columbus McKinnon Executive VP Gregory Rustowicz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gregory Rustowicz, Executive VP and CFO of Columbus McKinnon Corp, reports acquisition and disposal of common stock due to dividend reinvestment and vesting of restricted stock units.
Summary
- On May 13, 2024, Gregory Rustowicz, Executive VP Finance and CFO of Columbus McKinnon Corp, reported changes in beneficial ownership of the company's common stock.
- Rustowicz acquired 22.7874 shares of common stock through dividend reinvestment at a price of $0.
- Following the transaction, Rustowicz beneficially owns 79,059.4254 shares of common stock.
- This includes 14,624.4254 shares of restricted stock subject to forfeiture, with vesting occurring over the next three years.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: acquisition of stock through dividend reinvestment. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
| 5/17/2024 | 1,871.0327 shares become fully vested. |
| 5/16/2024 | 4,775.1589 shares become fully vested 50% per year for 2 years beginning on this date. |
| 5/22/2024 | 7,978.2338 shares become fully vested 33.33% per year for 3 years beginning on this date. |
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