Form 4: Graham Corp Director Jonathan W. Painter Reports Changes in Beneficial Ownership

Director Jonathan W. Painter reports the acquisition of restricted stock units in Graham Corporation.

Summary

• On June 4, 2024, Jonathan W. Painter, a director of Graham Corporation, reported changes in beneficial ownership.
• Painter 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.
• The RSUs become payable in common stock upon the separation of Painter's service as a director.
• Painter directly owns 29,666 shares of common stock, including 6,393 vested restricted stock units payable upon separation of service.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction of stock units to a director. It doesn't indicate positive or negative performance.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service as a director.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates