Form 4: Cheryl L. Turnbull Acquires Griffon Corp Stock Through Restricted Stock Grant
SEC Form 4
Director Cheryl L. Turnbull acquired 1,594 shares of Griffon Corp common stock through a restricted stock grant, increasing her direct holdings.
Summary
- On March 11, 2025, Cheryl L. Turnbull, a director of Griffon Corp, acquired 1,594 shares of common stock through a restricted stock grant.
- The shares were acquired at a price of $0 per share under the company's 2016 Equity Incentive Plan.
- These shares will vest on March 11, 2026.
- Following the transaction, Turnbull directly owns 31,699 shares of Griffon Corp common stock.
- Turnbull no longer has beneficial ownership of 550 shares that were formerly held in Uniform Gifts to Minors Act accounts.
- Turnbull also indirectly owns 75 shares through her daughter.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director. While insider buying can be seen as a positive signal, this is a grant, which is part of compensation.
Positives
- A director increasing their holdings in the company can be seen as a positive signal.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their investment decisions.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of transaction: Cheryl L. Turnbull acquired 1,594 shares of common stock through a restricted stock grant. |
| 03/11/2026 | Vesting date for the restricted stock grant. |
| 03/13/2025 | Date of signature for the Form 4 filing. |
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