Form 4: Gibraltar Industries VP Watorek Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jeffrey J. Watorek, VP and Treasurer of Gibraltar Industries, disposed of shares to cover tax obligations related to restricted stock units.
Summary
- On March 1, 2025, Jeffrey J. Watorek, VP and Treasurer of Gibraltar Industries, disposed of 1,005 shares of common stock at a price of $65.71 per share to satisfy tax obligations.
- Following the transaction, Watorek directly owns 17,940 shares of common stock.
- Watorek also indirectly owns 333.905 shares of common stock through a 401k.
- Additionally, Watorek holds 1,075.12 restricted stock units (2018 MSPP Match) which convert to cash upon termination of service as an officer.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing represents a routine transaction related to tax obligations and does not indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a routine transaction related to tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock disposal transaction. |
| 03/03/2025 | Date of report filing. |
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