Form 4: Griffon Corp. President and COO, Robert F. Mehmel, Reports Stock Transaction

Robert F. Mehmel, President and COO of Griffon Corp., reported the disposition of 15,000 shares of common stock and an increase in indirect holdings through an ESOP.

Summary

• Robert F. Mehmel, the President and COO of Griffon Corporation, filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• On November 27, 2024, Mr. Mehmel disposed of 15,000 shares of Griffon Corp. common stock at a price of $0 per share, which is likely a transfer or gift.
• Following this transaction, Mr. Mehmel directly owns 697,914 shares of common stock.
• Additionally, Mr. Mehmel has an indirect beneficial ownership of 3,999 shares through an Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a stock transaction by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company executive, which is common practice and required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency in stock transactions.
• The reporting of both direct and indirect ownership, including shares held through an ESOP, is consistent with regulatory requirements.
• The transaction is similar to other executive stock transactions reported by companies of similar size and structure.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine filing by an executive.
• The transaction does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Griffon Corp, Robert F. Mehmel, ESOP, GFF