Form 4: Director Fine Acquires Deferred Share Units in GrafTech International Ltd.
SEC Form 4
Director Debra Fine acquired deferred share units representing a contingent right to receive common stock in GrafTech International Ltd.
Summary
- On March 29, 2024, Debra Fine, a director of GrafTech International Ltd., acquired 22,644.9275 deferred share units (DSUs).
- Each DSU represents a contingent right to receive one share of GrafTech International Ltd. common stock.
- The DSUs are fully vested and 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 the termination occurs.
- Following the transaction, Ms. Fine directly owns 90,055.7642 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a director's compensation. It doesn't inherently convey positive or negative sentiment.
Future Outlook
Vested deferred share units will be settled in whole shares of common stock which will be delivered to the reporting person as soon as practicable 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
This Form 4 filing is a routine disclosure of a director's acquisition of deferred share units, a common form of equity compensation in publicly traded companies.
Stakeholder Impact
- The acquisition of deferred share units by a director aligns the director's interests with those of the shareholders, as the value of the units is tied to the performance of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Debra Fine acquired deferred share units. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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