Form 4: GrafTech International Executive Inigo Perez Ortiz Reports Stock Transactions
SEC Form 4 Filing
Inigo Perez Ortiz, SVP at GrafTech International, reports the vesting of restricted stock units and subsequent conversion to common stock.
Summary
- Inigo Perez Ortiz, a Senior Vice President at GrafTech International Ltd, filed a Form 4 detailing changes in beneficial ownership.
- On February 25, 2024, restricted stock units (RSUs) vested and were converted into shares of GrafTech International common stock.
- 13,951 RSUs from a grant on February 25, 2022, vested, resulting in 13,951 shares of common stock.
- 17,216 RSUs from a grant on February 25, 2023, vested, resulting in 17,216 shares of common stock.
- Following these transactions, Perez Ortiz directly owns 81,296 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Reporting person was granted 69,001 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 annual equal installments beginning on February 25, 2023. |
| 02/25/2023 | Reporting person was granted 51,440 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 | Vesting of RSUs and conversion to common stock. |
| 02/27/2024 | Date of Form 4 signature. |
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