Form 4: GrafTech International Executive Halford Reports Stock Transactions
SEC Form 4
EVP and Chief Operating Officer of GrafTech International, Jeremy S. Halford, reports the vesting and conversion of restricted stock units into common stock.
Summary
- On February 25, 2024, Jeremy S. Halford, EVP and Chief Operating Officer of GrafTech International Ltd., reported transactions involving the company's stock.
- Halford converted 11,043.7912 Restricted Stock Units (RSUs) into common stock and disposed of 3,938 shares to cover tax obligations at a price of $1.35.
- Additionally, he converted 19,661.2253 RSUs into common stock and disposed of 7,010 shares to cover tax obligations at a price of $1.35.
- Following these transactions, Halford directly owns 101,831 shares of GrafTech International Ltd. common stock and 39,322.4506 RSUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Reporting person was granted 54,623 RSUs, which also accrue additional RSUs pursuant to dividend equivalent rights based upon the closing price of EAF stock as of the dividend payment date if a dividend is declared by the Board of Directors. The RSUs vest in five equal annual installments beginning on February 25, 2023. |
| 02/25/2023 | Reporting person was granted 58,746 RSUs, which also accrue additional RSUs pursuant to dividend equivalent rights based upon the closing price of EAF stock as of the dividend payment date if a dividend is declared by the Board of Directors. The RSUs vest in three equal annual installments beginning on February 25, 2024. |
| 02/25/2024 | Date of earliest transaction: conversion of RSUs to common stock and disposal of shares for tax obligations. |
| 02/27/2024 | Date of signature for the report. |
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