Form 4: Griffon Corp Director Lacy M. Johnson Acquires Shares Through Restricted Stock Grant

Director Lacy M. Johnson acquired 1,594 shares of Griffon Corp common stock through a restricted stock grant on March 11, 2025.

Summary

• On March 11, 2025, Lacy M. Johnson, a director of Griffon Corp, acquired 1,594 shares of common stock.
• The acquisition was a result of 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 11, 2026.
• Following the transaction, Johnson's direct ownership increased to 25,103 shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director is increasing their stake in the company, signaling confidence. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

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 specific forward-looking statements, but the vesting of the restricted stock in March 2026 suggests a long-term commitment from the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company, which is generally viewed positively by investors.

Stakeholder Impact

• Shareholders may view the director's increased ownership as a positive signal.
• The restricted stock grant aligns the director's interests with those of the shareholders.

Key Dates