Form 4: Griffon Corp Chairman and CEO Ronald Kramer Gifts 140,000 Shares to Family Trust

Ronald Kramer, Chairman and CEO of Griffon Corp, gifted 140,000 shares of common stock to an irrevocable family trust on June 25, 2024.

Summary

• On June 25, 2024, Ronald J Kramer, Chairman of the Board and CEO of Griffon Corp, gifted 140,000 shares of Griffon Corp common stock to an irrevocable family trust.
• The trustee of the family trust is an independent third party.
• As a result of this transaction, Kramer no longer beneficially owns these 140,000 shares.
• Following the transaction, Kramer directly owns 2,360,746 shares of Griffon Corp common stock.
• Kramer also indirectly owns 5,007 shares through an ESOP and 40,298 shares through his spouse and children.
• The filing also reflects ESOP allocations that have occurred since Kramer's last ownership report.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a gift of shares. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The gift of shares to a family trust may have implications for the Kramer family's estate planning.
• The transaction itself is unlikely to have a significant impact on other stakeholders.

Key Dates