Form 4: Graham Corp CFO Christopher J. Thome Reports Stock Transactions
SEC Form 4 Filing
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, 2025, Christopher J. Thome, VP-Finance and CFO of Graham Corporation, reported transactions involving common stock and restricted stock units.
- 2,374 restricted stock units converted into common stock at a price of $0.
- 906 shares were disposed of to cover tax withholding obligations at a price of $37.29 per share.
- Following these transactions, Thome directly owns 19,665 shares of common stock.
- Thome also holds 2,375 restricted stock units that vest on 5/17/2026, 2,951 restricted stock units that vest on 5/23/2025 and 4,930 restricted stock units that vest over three years.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
- Tax withholding upon vesting of RSUs is a standard practice.
- Similar filings are regularly made by executives at comparable companies such as Flowserve, ITT Inc., and CIRCOR International.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they primarily reflect compensation-related activities.
- Employees participating in the Employee Stock Purchase Plan are indirectly affected by the overall stock performance.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | One-third of a restricted stock unit grant vested. |
| 05/17/2024 | One-third of a restricted stock unit grant vested. |
| 05/23/2024 | One-third of a restricted stock unit grant vested. |
| 05/17/2025 | Date of the reported transactions: vesting of restricted stock units and tax withholding. |
| 05/20/2025 | Date of the Form 4 filing. |
| 05/23/2025 | Remaining balance of a restricted stock unit grant vests. |
| 06/04/2025 | One-third of a restricted stock unit grant vests. |
| 05/17/2026 | Remaining balance of a restricted stock unit grant vests. |
| 06/04/2026 | One-third of a restricted stock unit grant vests. |
| 06/04/2027 | Remaining balance of a restricted stock unit grant vests. |
Keywords
Form 4, Graham Corporation, Christopher J. Thome, GHM, CFO, Stock Options, Restricted Stock Units, Beneficial Ownership, Insider Trading
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