Form 4: Graham Corp Executive Alan Smith Reports Significant Stock Transactions Following RSU Vesting

Alan E. Smith, VP & General Manager of Graham Corporation, reported the acquisition of 21,368 shares of common stock through restricted stock unit vesting and the disposition of 10,053 shares to cover tax obligations.

Summary

• Alan E. Smith, VP & General Manager Batavia of Graham Corporation (GHM), reported changes in his beneficial ownership of common stock.
• On May 23, 2025, Mr. Smith acquired 3,053 shares of common stock upon the vesting of restricted stock units at a price of $0.
• Concurrently, 1,436 shares were disposed of at $36.79 per share to cover tax withholding obligations related to the vesting.
• Additionally, on May 23, 2025, Mr. Smith acquired another 18,315 shares of common stock from the vesting of restricted stock units at a price of $0.
• 8,617 shares were disposed of at $36.79 per share to cover tax withholding obligations for this second vesting event.
• Following these transactions, Mr. Smith beneficially owns 61,876 shares of Graham Corporation common stock directly.
• The restricted stock units convert into common stock on a one-for-one basis.
• Remaining unvested restricted stock units include 2,374 shares with a vesting schedule of two-thirds on May 17, 2024, and May 17, 2025, with the balance on May 17, 2026.
• Another 3,873 restricted stock units are scheduled to vest one-third on June 4, 2025, June 4, 2026, and June 4, 2027.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the executive is acquiring shares through vesting, indicating continued alignment with the company's performance. The disposition of shares is for tax purposes, which is a standard and expected part of RSU vesting.

Positives

• Alan E. Smith acquired a total of 21,368 shares of Graham Corporation common stock through the vesting of restricted stock units, indicating continued equity participation and alignment with shareholder interests.
• The vesting of restricted stock units at a $0 exercise price represents a direct gain for the executive.

Negatives

• A total of 10,053 shares were disposed of at $36.79 per share to cover tax withholding obligations, which is a standard but necessary reduction in the number of shares received.

Future Outlook

This Form 4 filing details past and scheduled future vesting events for restricted stock units, but does not provide broader forward-looking statements or guidance regarding the company's financial performance or strategic direction.

Industry Context

This filing is a routine insider transaction report specific to an individual executive's equity compensation and does not provide information relevant to broader industry trends or competitive dynamics within the industrial manufacturing or engineering services sector where Graham Corporation operates.

Comparison to Industry Standards

• This document reports on individual executive stock transactions, which are standard practices for executive compensation across publicly traded companies. It does not contain information that allows for a direct comparison of Graham Corporation's operational or financial results against global industry benchmarks or specific comparable companies/projects.

Stakeholder Impact

• Shareholders: The transactions reflect an executive's continued equity stake in the company, which can be viewed positively as it aligns management's interests with shareholders. The disposition of shares for tax purposes is a routine event and does not indicate a lack of confidence.
• Employees: No direct impact on employees beyond the executive.

Next Steps

• Remaining restricted stock units are scheduled to vest on May 17, 2026, for a portion of the 2,374 RSUs.
• Remaining restricted stock units are scheduled to vest one-third on June 4, 2025, June 4, 2026, and June 4, 2027, for the 3,873 RSUs.

Key Dates

Recommendation

Keywords

Graham Corporation, GHM, SEC Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Stock Transactions, Executive Compensation, Alan E. Smith