Form 4: Graham Corp Director Alan Fortier Reports Stock Unit Conversion
SEC Form 4 Filing
Director Alan Fortier converted 6,393 restricted stock units into common stock of Graham Corp on May 17, 2024.
Summary
- On May 17, 2024, Alan Fortier, a director of Graham Corp, converted 6,393 restricted stock units into common stock.
- The restricted stock units vested on May 17, 2024, and convert into common stock on a one-for-one basis.
- Following the transaction, Fortier directly owns 49,566 shares of Graham Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock unit conversion, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting and conversion of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The conversion of restricted stock units into common stock may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: conversion of restricted stock units to common stock and vesting date of restricted stock units. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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