Form 4: Graham Corp CEO Daniel Thoren Reports Changes in Beneficial Ownership
SEC Filing
Daniel Thoren, President and CEO of Graham Corporation, filed a Form 4 detailing changes in his beneficial ownership of company stock, including the grant of restricted stock units.
Summary
- Daniel J. Thoren, the President and CEO of Graham Corporation, filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of Graham Corp stock.
- The reported transactions include the granting of restricted stock units (RSUs) under the 2020 Graham Corporation Equity Incentive Plan.
- Thoren directly owns 326,266 shares of common stock.
- He also holds 16,628 RSUs that vest in three equal installments on June 4, 2025, June 4, 2026, and June 4, 2027.
- An additional 12,177 RSUs vest in two equal installments on May 17, 2025 and May 17, 2026.
- Finally, 8,140 RSUs vest on May 23, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The granting of RSUs to the CEO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders can use this information to understand the CEO's alignment with their interests.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of earliest transaction (grant of restricted stock units). |
| 06/04/2025 | First vesting date for 1/3 of 16,628 restricted stock units. |
| 06/04/2026 | Second vesting date for 1/3 of 16,628 restricted stock units. |
| 06/04/2027 | Final vesting date for 1/3 of 16,628 restricted stock units. |
| 05/17/2024 | One-third of the original grant of 12,177 restricted stock units vested. |
| 05/17/2025 | First vesting date for 1/2 of the remaining 2/3 of 12,177 restricted stock units. |
| 05/17/2026 | Final vesting date for 1/2 of the remaining 2/3 of 12,177 restricted stock units. |
| 05/23/2023 | One-third of the original grant of 8,140 restricted stock units vested. |
| 05/23/2024 | One-third of the original grant of 8,140 restricted stock units vested. |
| 05/23/2025 | Final vesting date for 1/3 of 8,140 restricted stock units. |
| 06/06/2024 | Date of Form 4 filing. |
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