Form 4: Griffon Corp Executive Seth L. Kaplan Reports Share Disposals

Seth L. Kaplan, a Senior VP at Griffon Corp, reported the disposal of 800 common shares through gift transactions.

Summary

• Seth L. Kaplan, a Senior Vice President at Griffon Corp, has filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates that Mr. Kaplan disposed of 400 common shares on November 18, 2024, and another 400 common shares on November 19, 2024, both through gift transactions.
• These transactions resulted in a decrease in his direct holdings of common stock, from 168,541 to 167,341 shares.
• Additionally, the report notes that Mr. Kaplan has an indirect beneficial ownership of 4,759 shares through an Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 5

Explanation: The document is a neutral report of share disposals by an executive, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of executive transactions and is typical for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The reporting of executive transactions is common across all industries and is used to ensure transparency and prevent insider trading.
• The level of detail provided in this filing is consistent with other Form 4 filings from similar companies.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders, as they are routine executive share disposals.

Key Dates

Keywords

Form 4, Beneficial Ownership, Griffon Corp, GFF, Seth L. Kaplan, Share Disposal, ESOP, Executive Transactions