Form 4: GrafTech International Executive Timothy Flanagan Reports Stock Transactions
SEC Form 4 Filing
Timothy Flanagan, Interim CEO and President of GrafTech International, reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- On February 25, 2024, Timothy Flanagan, Interim CEO and President of GrafTech International, reported transactions involving GrafTech International's common stock.
- Flanagan converted 10,468.5516 Restricted Stock Units (RSUs) into common stock and disposed of 3,733 shares to cover tax obligations at a price of $1.35 per share.
- He also converted 15,742.4345 RSUs into common stock and disposed of 5,613 shares to cover tax obligations at a price of $1.35 per share.
- Following these transactions, Flanagan directly owns 23,572 shares of common stock and holds 31,403.6329 and 31,485.8729 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Reporting person was granted 51,772 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. |
| 02/25/2023 | Reporting person was granted 47,038 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. |
| 02/25/2024 | Date of stock transactions: conversion of RSUs to common stock and disposal of shares for tax obligations. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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