Form 4: Graham Corp CEO Daniel J. Thoren Reports Stock Transactions
SEC Form 4 Filing
CEO Daniel J. Thoren reports acquisition and disposal of Graham Corp stock and restricted stock units.
Summary
- Daniel J. Thoren, CEO of Graham Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 17, 2025, Thoren acquired 6,088 shares of common stock upon the vesting of restricted stock units.
- Also on May 17, 2025, Thoren disposed of 2,191 shares to cover tax withholding obligations at a price of $37.29 per share.
- Following these transactions, Thoren directly owns 329,913 shares of Graham Corp common stock.
- Thoren also holds 6,089 restricted stock units that vest on 5/17/2026, 8,140 restricted stock units that vest on 5/23/2025 and 16,628 restricted stock units that vest over three years.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document simply reports stock transactions, with no clear positive or negative implications for the company's outlook.
Positives
- The acquisition of shares through vesting of restricted stock units can be seen as a positive sign, indicating confidence in the company's future performance.
Negatives
- The disposal of shares to cover tax obligations, while routine, represents a slight decrease in the CEO's holdings.
Risks
- There are no specific risks mentioned in this document, as it primarily details stock transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units as a way to align management's interests with those of shareholders.
- The vesting schedules and tax withholding practices described in this filing are typical for publicly traded companies.
- Comparing Thoren's holdings and transactions to those of executives at similar-sized industrial companies (e.g., Chart Industries, CIRCOR International) could provide additional context.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Two-thirds of the original grant of 8,140 restricted stock units vested in substantially equal installments on each of 5/23/2023 and 5/23/2024. |
| 05/17/2024 | Two-thirds of the original grant of 6,088 restricted stock units vested in substantially equal installments on each of 5/17/2024 and 5/17/2025. |
| 05/23/2024 | Two-thirds of the original grant of 8,140 restricted stock units vested in substantially equal installments on each of 5/23/2023 and 5/23/2024. |
| 05/17/2025 | Date of the reported transactions: acquisition of 6,088 shares and disposal of 2,191 shares; Two-thirds of the original grant of 6,088 restricted stock units vested in substantially equal installments on each of 5/17/2024 and 5/17/2025. |
| 05/23/2025 | Balance of 8,140 restricted stock units vests on 5/23/2025. |
| 06/04/2025 | One-third of the original grant of 16,628 restricted stock units vests on 6/4/2025. |
| 05/17/2026 | Balance of 6,088 restricted stock units vests on 5/17/2026. |
| 06/04/2026 | One-third of the original grant of 16,628 restricted stock units vests on 6/4/2026. |
| 06/04/2027 | One-third of the original grant of 16,628 restricted stock units vests on 6/4/2027. |
| 05/20/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Graham Corp, GHM, Daniel J. Thoren, CEO, Stock, Restricted Stock Units, Beneficial Ownership, Vesting, Tax Withholding
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