Form 4: Lisa M. Schnorr Reports Changes in Beneficial Ownership of Graham Corporation Stock

Lisa M. Schnorr, a director of Graham Corporation, reports changes in beneficial ownership, including the acquisition of restricted stock units.

Summary

• Lisa M. Schnorr, a director of Graham Corporation, filed a Form 4 to report changes in beneficial ownership.
• The report indicates that Schnorr acquired 2,934 restricted stock units on June 4, 2024, under the 2020 Graham Corporation Equity Incentive Plan.
• These restricted stock units convert into common stock on a one-for-one basis and vest on the first anniversary of the grant date, becoming payable in common stock upon separation of service as a director.
• Schnorr directly owns 32,977 shares of common stock, including 6,393 vested restricted stock units payable upon separation of service as a director.
• Following the reported transaction, Schnorr beneficially owns 2,934 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider transactions and alignment of interests through equity compensation.

Positives

• The acquisition of restricted stock units aligns the director's interests with the company's long-term performance.
• The vesting schedule encourages continued service as a director.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted stock units suggests an expectation of continued service by the director.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.
• The equity incentive plan aims to align the interests of the director with those of the shareholders.

Key Dates