Form 4: Graham Corp Executive Alan E. Smith Reports Stock Transactions

Alan E. Smith, VP & General Manager at Graham Corporation, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On May 23, 2024, Alan E. Smith, VP & General Manager at Graham Corporation, reported transactions involving common stock and restricted stock units.
• 3,053 restricted stock units vested and converted into common stock on a one-for-one basis.
• 1,096 shares were withheld to cover tax obligations related to the vesting of these restricted stock units at a price of $28.44.
• Following these transactions, Smith directly owns 52,994 shares of Graham Corp common stock and various amounts of restricted stock units that will vest in the future.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Positives

• The vesting of restricted stock units indicates that Smith has met certain performance or time-based milestones set by the company.

Future Outlook

The document outlines future vesting dates for Smith's remaining restricted stock units, indicating continued equity-based compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning management's interests with those of shareholders.
• Tax withholding practices upon vesting are standard procedure to cover income tax obligations.
• Companies like Flowserve, ITT, and CIRCOR International, which operate in similar industrial sectors, also utilize equity-based compensation for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they reflect routine executive compensation and tax obligations.

Key Dates