Form 4: Griffon Corp Vice President & CAO Reports Stock Transaction

W. Christopher Durborow, Vice President & CAO of Griffon Corp, reported a transaction involving the withholding of 5,243 common stock shares to cover tax obligations.

Summary

• W. Christopher Durborow, a Vice President and CAO at Griffon Corp, filed a Form 4 indicating a change in beneficial ownership of company stock.
• The transaction involved 5,243 shares of common stock being withheld to satisfy tax obligations related to the vesting of restricted stock.
• Following the transaction, Durborow directly owns 49,476 shares of Griffon Corp common stock.
• Durborow also indirectly owns 3,237 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document is a routine filing and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is typical for executives receiving stock-based compensation.
• The withholding of shares to cover tax obligations is a common practice in executive compensation plans.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Griffon Corp, GFF, Executive Compensation, Tax Withholding, ESOP