Form 4: Director Debra Fine Acquires Deferred Restricted Stock Units in GrafTech International

Debra Fine, a director of GrafTech International, reports the acquisition of deferred restricted stock units (DRSUs) convertible to common stock.

Summary

• On May 9, 2024, Debra Fine, a director of GrafTech International Ltd (EAF), acquired 56,497.1751 deferred restricted stock units (DRSUs).
• Each DRSU represents a contingent right to receive one share of EAF common stock.
• These DRSUs generally vest on November 9, 2024.
• Vested DRSUs will be settled in whole shares of common stock after Ms. Fine terminates service as a director, but no later than the end of the year in which termination occurs.
• Following the transaction, Ms. Fine beneficially owns 80,468.0873 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock unit acquisition. The vesting and settlement terms are typical for director compensation.

Positives

• The acquisition of DRSUs by a director signals confidence in the company's future performance.

Future Outlook

The vested DRSUs will be settled in whole shares of common stock after the reporting person terminates service as a director of the company but in any event no later than the end of the calendar year in which such termination date occurs.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of DRSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates