Form 4: Griffon CFO's Routine Stock Withholding for Taxes

Griffon Corporation's EVP and CFO, Brian G. Harris, reported a disposition of 7,610 shares for tax withholding purposes and an acquisition of 4,944 shares via ESOP allocations.

Summary

• Brian G. Harris, Executive Vice President and Chief Financial Officer of Griffon Corp (GFF), reported changes in his beneficial ownership of common stock.
• On November 30, 2025, 7,610 shares of Common Stock were disposed of at a price of $75 per share.
• This disposition was due to shares being withheld by the registrant to satisfy tax withholding obligations upon the vesting of restricted stock.
• Following this transaction, Harris directly beneficially owns 158,649 shares of Common Stock.
• Additionally, 4,944 shares of Common Stock were acquired indirectly through ESOP allocations, increasing his indirect ownership.

Sentiment

Score: 5

Explanation: Neutral. The transactions are routine and expected for an executive, involving tax withholding on vested stock and ESOP allocations, rather than discretionary open market sales or purchases.

Positives

• Indirect beneficial ownership increased by 4,944 shares through ESOP allocations, indicating ongoing participation in employee stock plans.

Negatives

• Direct beneficial ownership decreased by 7,610 shares due to tax withholding obligations.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: The transactions are routine and non-discretionary, reflecting standard executive compensation practices rather than a change in strategic direction or company performance. No significant impact on company valuation is expected.
• Employees: The ESOP allocations demonstrate ongoing employee benefit programs, which can positively impact employee morale and retention.

Key Dates

Recommendation

The filing details routine insider transactions for tax withholding on vested restricted stock and ESOP allocations. These are non-discretionary events and do not reflect a change in management's sentiment towards the company's future prospects or operational performance. Therefore, the filing itself does not provide a basis for a change in investment recommendation, suggesting a 'hold' position if one was already in place, as no new material information impacting valuation is presented.

Keywords

Griffon Corp, GFF, Form 4, Insider Transaction, Beneficial Ownership, Stock Withholding, ESOP, CFO