Form 4: Graham Corp CFO Christopher J. Thome Reports Stock Transactions

Christopher J. Thome, CFO of Graham Corporation, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On May 17, 2024, Christopher J. Thome, VP-Finance and CFO of Graham Corporation, reported transactions involving common stock and restricted stock units.
• 2,374 restricted stock units vested and converted into common stock at a price of $0.
• 931 shares were withheld to cover tax obligations at a price of $29.12 per share.
• Following these transactions, Thome directly owns 14,990 shares of common stock and 4,749 restricted stock units from one grant and 5,902 restricted stock units from another grant.
• The reported transactions also include 2,597 shares acquired under the Graham Corporation Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to executive compensation. There are no explicit positive or negative indicators about the company's performance.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of the CFO's interests with the company's performance.

Negatives

• The withholding of shares to cover tax obligations reduces the number of shares directly held by the CFO.

Industry Context

Executive stock transactions are routinely monitored by investors as they can provide insights into management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates