Form 4: Gibraltar Industries CFO Timothy F. Murphy Reports Changes in Beneficial Ownership

Senior VP and CFO of Gibraltar Industries, Timothy F. Murphy, reports changes in beneficial ownership, including the acquisition of restricted stock units.

Summary

• On March 31, 2024, Timothy F. Murphy, Senior VP and CFO of Gibraltar Industries, filed a Form 4 to report changes in beneficial ownership.
• The report details the acquisition of restricted stock units related to the company's Management Stock Purchase Plan (MSPP).
• Murphy directly owns 94,304 shares of common stock.
• He also holds options to purchase 5,000 shares of common stock, exercisable since April 3, 2020, and expiring on April 3, 2027, with an exercise price of $39.55.
• The report includes various restricted stock units allocated to Murphy under the 2018 MSPP and other MSPP arrangements, which are payable in cash upon termination of service as an officer.
• The number of restricted stock units held under these plans are: 14,895.16 (2018 MSPP Match), 28,076.27 (2018 MSPP), 17,676.58 (MSPP Match Post-2012), 3,208.76 (MSPP Match), 26,097.47 (MSPP Post-2012), and 8,056.93 (MSPP).

Sentiment

Score: 6

Explanation: The document is a standard SEC filing, indicating routine transactions. The sentiment is neutral as it simply reports changes in ownership.

Positives

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
• The executive maintains a significant direct ownership stake in the company with 94,304 shares.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings and transactions of a key executive.

Key Dates