Form 4: Griffon VP & CAO Durborow Sells Shares for Tax

Griffon Corporation's Vice President and Chief Accounting Officer, W. Christopher Durborow, disposed of 4,343 shares of common stock to cover tax obligations related to restricted stock vesting.

Summary

• W. Christopher Durborow, Vice President and Chief Accounting Officer of Griffon Corp (GFF), reported changes in beneficial ownership.
• On November 30, 2025, Durborow disposed of 4,343 shares of common stock at a price of $75 per share.
• This disposition was made to satisfy tax withholding obligations upon the vesting of restricted stock.
• Following this transaction, Durborow directly beneficially owns 39,963 shares of common stock.
• Additionally, 3,260 shares were allocated indirectly through an Employee Stock Ownership Plan (ESOP) since the date of the last ownership report.
• Total beneficial ownership after these reported transactions is 43,223 shares (39,963 direct + 3,260 indirect).

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The sale is for tax purposes, a routine event following restricted stock vesting, indicating compensation realization. The ESOP allocation is a minor positive for executive ownership.

Positives

• The transaction indicates the vesting of restricted stock, which represents earned compensation for the executive.
• The price of $75 per share for the disposed stock suggests a healthy valuation for the company's common stock.

Negatives

• The disposition of shares, even for tax purposes, reduces the executive's direct ownership stake in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor impact as the transaction is routine for executive compensation and tax planning, not a discretionary sale based on company performance outlook.

Key Dates

Recommendation

The filing details a routine insider transaction where an executive sold shares to cover tax obligations from restricted stock vesting. This is a common and expected event and does not reflect a change in the company's fundamental outlook or the executive's confidence. The small ESOP allocation is also routine. Therefore, this specific filing does not provide new information that would warrant a change from a 'hold' position, assuming the investor's existing thesis remains intact.

Keywords

Griffon Corp, GFF, Form 4, Insider Trading, Stock Sale, Restricted Stock, Tax Withholding, Executive Compensation, W. Christopher Durborow, Beneficial Ownership