Form 4: Graham Corporation Executive Alan E. Smith Reports New RSU Grant and Updated Holdings

Graham Corporation's VP & General Manager, Alan E. Smith, has reported a new grant of 2,591 restricted stock units (RSUs) and updated his total beneficial ownership of common stock and RSUs.

Summary

• Alan E. Smith, VP & General Manager Batavia of Graham Corporation (GHM), filed a Form 4 disclosing changes in his beneficial ownership.
• Mr. Smith directly holds 61,876 shares of Graham Corporation Common Stock.
• He was granted an additional 2,591 Restricted Stock Units (RSUs) on June 2, 2025, under the 2020 Graham Corporation Equity Incentive Plan.
• These newly granted RSUs will vest one-third on June 2, 2026, June 2, 2027, and June 2, 2028.
• Mr. Smith also holds 2,375 RSUs from an original grant, with the balance vesting on May 17, 2026, after two-thirds vested on May 17, 2024, and May 17, 2025.
• Additionally, he holds 3,873 RSUs that 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 and have an exercise price of $0.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a Form 4 is primarily a disclosure, the RSU grant indicates ongoing executive incentive alignment and retention, which is generally viewed favorably.

Positives

• The grant of Restricted Stock Units (RSUs) to a key executive like Alan E. Smith aligns management's long-term interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The structured vesting schedule encourages executive retention and sustained performance over multiple years.

Future Outlook

The document outlines future vesting schedules for restricted stock units, indicating a long-term incentive structure for the executive through June 2028.

Industry Context

This Form 4 filing is a routine disclosure of insider stock ownership and compensation, common across all publicly traded companies. The grant of restricted stock units is a standard practice for executive compensation, aiming to align management incentives with shareholder value creation.

Stakeholder Impact

• Shareholders: The RSU grants align the executive's financial interests with the company's stock performance, potentially leading to better long-term value creation.
• Employees: The compensation structure for a senior executive can set a precedent or reflect the company's overall approach to performance-based incentives.

Next Steps

• Future vesting of 2,591 RSUs on June 2, 2026, June 2, 2027, and June 2, 2028.
• Future vesting of the balance of 2,375 RSUs on May 17, 2026.
• Future vesting of 3,873 RSUs on June 4, 2026, and June 4, 2027.

Key Dates

Keywords

Graham Corp, GHM, Form 4, Insider Ownership, Restricted Stock Units, Executive Compensation, Beneficial Ownership, Equity Incentive Plan