Form 4: Griffon Corp Director Samanta Hegedus Receives Restricted Stock Grant

Director Samanta Hegedus acquired 1,525 shares of Griffon Corp common stock through a restricted stock grant that will vest on March 20, 2025.

Summary

• Samanta Hegedus, a director of Griffon Corporation, reported a transaction on March 20, 2024.
• Hegedus acquired 1,525 shares of common stock through a restricted stock grant.
• The shares were acquired at a price of $0.
• Following the transaction, Hegedus beneficially owns 27,452 shares of Griffon Corp.
• The restricted stock grant is part of the company's 2016 Equity Incentive Plan.
• All shares of restricted stock will vest on March 20, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock grant to a director, which is a common practice.

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 type of filing is standard for corporate insiders and reflects compensation practices and alignment of interests between management and shareholders.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates