Form 4: Graham Corp Director Alan Fortier Reports Acquisition of Restricted Stock Units

Director Alan Fortier reports acquiring 2,934 restricted stock units of Graham Corporation on June 4, 2024, which convert into common stock on a one-for-one basis and vest on the first anniversary of the grant date.

Summary

• Alan Fortier, a director of Graham Corporation, filed a Form 4 on June 6, 2024, reporting a transaction.
• On June 4, 2024, Fortier acquired 2,934 restricted stock units (RSUs) under the 2020 Graham Corporation Equity Incentive Plan.
• These RSUs convert into common stock on a one-for-one basis and vest on the first anniversary of the grant date.
• Following the reported transaction, Fortier directly owns 49,566 shares of Graham Corporation common stock and 2,934 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard disclosure of stock units being granted. The director's acquisition of stock units could be seen as a positive sign, but it's a routine event.

Positives

• The acquisition of restricted stock units by a director may indicate confidence in the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders.

Stakeholder Impact

• The acquisition of restricted stock units by a director could positively influence shareholder sentiment.

Key Dates