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

Alan E. Smith, VP & General Manager at Graham Corporation, reports acquisition of shares through restricted stock unit vesting and disposition of shares to cover tax obligations.

Summary

• On May 17, 2024, Alan E. Smith, VP & General Manager of Graham Corporation, reported transactions involving common stock and restricted stock units.
• 2,374 shares were acquired through the vesting of restricted stock units.
• 945 shares were disposed of at a price of $29.12 to cover tax withholding obligations.
• Following these transactions, Smith directly owns 51,037 shares of Graham Corp common stock.
• Smith also holds 4,749 restricted stock units from a previous grant, 6,106 restricted stock units from another grant, and 18,315 restricted stock units from a third grant.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to executive stock transactions, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedules and tax withholding practices are standard across many publicly traded companies.
• Comparable companies in the industrial sector also utilize similar equity-based compensation strategies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• They reflect standard executive compensation practices.

Key Dates