Form 4: Gibraltar Industries VP Watorek Reports Stock Transactions
SEC Form 4
Jeffrey J. Watorek, VP and Treasurer of Gibraltar Industries, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Jeffrey J. Watorek, VP and Treasurer of Gibraltar Industries, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2024, 450 shares of common stock were disposed of at a price of $77.7, and 516 shares were acquired at $0.
- On March 2, 2024, 55 shares of common stock were disposed of at a price of $77.7.
- Following these transactions, Watorek directly owns 17,415 shares of common stock and indirectly owns 333.905 shares through a 401k.
- Watorek also holds 711.05 restricted stock units related to the 2018 Management Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment as it reports transactions without expressing opinions or forecasts.
Future Outlook
The shares represent Restricted Stock Units issued under the Registrant's Amended and Restated 2018 Equity Incentive Plan that vest in four portions: 25% on March 1, 2025, and on each March 1 thereafter through March 1, 2028.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities and holdings in their own company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Disposal of 450 shares of common stock and acquisition of 516 shares of common stock. |
| 03/02/2024 | Disposal of 55 shares of common stock. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
| 03/01/2025 | First vesting date (25%) for Restricted Stock Units issued under the Registrant's Amended and Restated 2018 Equity Incentive Plan. |
| 03/01/2028 | Final vesting date for Restricted Stock Units issued under the Registrant's Amended and Restated 2018 Equity Incentive Plan. |
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