Form 4: Griffon Corp Director Kevin F. Sullivan Acquires 1,525 Shares of Common Stock

Director Kevin F. Sullivan acquired 1,525 shares of Griffon Corp common stock on March 20, 2024, as a restricted stock grant.

Summary

• On March 20, 2024, Kevin F. Sullivan, 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 price per share was $0.
• All shares of restricted stock will vest on March 20, 2025.
• Following the transaction, Sullivan beneficially owns 62,837 shares of Griffon Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director. The acquisition itself can be seen as a slightly positive sign, but the document is primarily informational.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

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 insiders and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates