Form 4: Graham Corp Director Schnorr Reports Stock Unit Vesting
SEC Form 4 Filing
Director Lisa M. Schnorr reported the vesting of 6,393 restricted stock units convertible to common stock, according to a Form 4 filing.
Summary
- On May 17, 2024, Lisa M. Schnorr, a director of Graham Corporation, had 6,393 restricted stock units vest.
- These units convert into common stock on a one-for-one basis.
- Following the transaction, Schnorr beneficially owns 32,977 shares of common stock, including 6,393 vested restricted stock units.
- The vested restricted stock units become payable upon separation of Schnorr's service as a director.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock unit vesting, so it has a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The vesting of stock units aligns the director's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Restricted stock units vested and converted into common stock. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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