Form 4: Graham Corporation CEO Daniel J. Thoren Reports New RSU Grant and Updated Equity Holdings

Graham Corporation's CEO and Director, Daniel J. Thoren, has reported the grant of 1,588 restricted stock units and updated his beneficial ownership of common stock and other outstanding restricted stock units.

Summary

• Daniel J. Thoren, Chief Executive Officer and Director of Graham Corporation (GHM), filed a Form 4 detailing his beneficial ownership and recent equity transactions.
• Mr. Thoren directly holds 335,119 shares of Graham Corporation Common Stock.
• On June 2, 2025, Mr. Thoren was granted 1,588 Restricted Stock Units (RSUs) under the 2020 Graham Corporation Equity Incentive Plan.
• These newly granted RSUs are scheduled to vest in three equal installments on June 2, 2026, June 2, 2027, and June 2, 2028.
• Additionally, Mr. Thoren holds 6,089 RSUs from a previous grant, with the remaining balance set to vest on May 17, 2026.
• He also holds 16,628 RSUs from another prior grant, which vest one-third on June 4, 2025, June 4, 2026, and June 4, 2027.
• All restricted stock units convert into common stock on a one-for-one basis upon vesting.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects a routine executive compensation grant that aligns management incentives with shareholder interests, without indicating any negative events or significant changes.

Positives

• The grant of 1,588 Restricted Stock Units (RSUs) to the CEO aligns management's long-term interests with shareholder value creation.
• The RSU grant is part of a structured equity incentive plan (2020 Graham Corporation Equity Incentive Plan), indicating a formal and transparent compensation strategy.

Future Outlook

The document does not provide forward-looking statements or guidance beyond the vesting schedules of the granted restricted stock units.

Industry Context

This Form 4 filing is a routine disclosure of executive equity compensation, common across all industries for publicly traded companies, and does not provide specific industry-related insights or trends.

Related Party Transactions

• The grant of Restricted Stock Units to Daniel J. Thoren, the Chief Executive Officer and a Director, constitutes a transaction with a related party, which is a standard component of executive compensation.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CEO's long-term interests with shareholder value creation, as the value of the RSUs is tied to the company's stock performance.
• Employees: The equity incentive plan may serve as a model for broader employee incentive programs, potentially boosting morale and retention.
• Management: The grant provides a significant incentive for the CEO to drive company performance over the vesting period.

Next Steps

• The vesting of the newly granted 1,588 Restricted Stock Units will occur in three annual installments on June 2, 2026, June 2, 2027, and June 2, 2028.
• The remaining balance of 6,089 Restricted Stock Units will vest on May 17, 2026.
• The remaining installments of 16,628 Restricted Stock Units will vest on June 4, 2026, and June 4, 2027.

Key Dates

Keywords

Graham Corporation, GHM, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Incentive Plan, Executive Compensation, Daniel J. Thoren, Beneficial Ownership