Form 4: Griffon Corp Director Henry A. Alpert Reports Acquisition of 1,525 Shares of Common Stock

Henry A. Alpert, a director of Griffon Corp, reported acquiring 1,525 shares of common stock on March 20, 2024, as a restricted stock grant.

Summary

• On March 20, 2024, Henry A. Alpert, a director of Griffon Corp, acquired 1,525 shares of common stock.
• The acquisition was a restricted stock grant under the company's 2016 Equity Incentive Plan.
• The shares were acquired at a price of $0.
• All shares of restricted stock will vest on March 20, 2025.
• Following the transaction, Alpert beneficially owns 74,395 shares of Griffon Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard disclosure of stock acquisition by a director. The acquisition itself could be seen as a slightly positive sign.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Future Outlook

The restricted stock will vest on March 20, 2025.

Industry Context

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

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates