Form 4: Griffon Corp Chairman and CEO, Ronald J. Kramer, Reports Stock Transaction

Ronald J. Kramer, Chairman and CEO of Griffon Corp, reported a disposition of 4,000 common stock shares on December 5, 2024.

Summary

• Ronald J. Kramer, the Chairman of the Board and CEO of Griffon Corporation, filed a Form 4 indicating a change in his beneficial ownership of the company's stock.
• On December 5, 2024, Mr. Kramer disposed of 4,000 shares of common stock.
• The transaction was a disposition, and the price per share was $0, indicating a gift or transfer.
• Following the transaction, Mr. Kramer directly owns 1,856,746 shares of common stock.
• He also indirectly owns 5,018 shares through an ESOP and 40,298 shares through his spouse and children.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no inherent positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting requirements are consistent across all companies listed on the SEC.
• Similar filings are made by executives at companies like Honeywell, General Electric, and 3M when they trade their company's stock.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the stock transactions of the company's CEO.
• The transaction itself is unlikely to have a significant impact on the company's operations or financial performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Griffon Corp, Ronald J. Kramer, GFF, SEC Filing, Insider Trading