Form 4: RPM International CEO Disposes of Shares for Tax Obligations Following Vesting
Insider Trading Report
Frank C. Sullivan, Chairman and CEO of RPM International Inc., disposed of 34 shares of common stock to cover tax obligations after 112 shares vested from an equity incentive plan.
Summary
- On May 31, 2025, Frank C. Sullivan, Chairman and CEO of RPM International Inc., disposed of 34 shares of the company's common stock at a price of $113.84 per share.
- This disposition was made to satisfy tax obligations related to the vesting of 112 shares of common stock issued to Mr. Sullivan under the RPM International Inc. 2014 Omnibus Equity and Incentive Plan.
- Following this transaction, Mr. Sullivan directly beneficially owns 1,015,006 shares of common stock.
- Additionally, Mr. Sullivan indirectly beneficially owns 5,146 shares through the RPM International Inc. 401(k) Plan and 15,600 shares through the Thomas C. Sullivan Irrevocable Trust FBO Frank C. Sullivan.
- The filing also notes that Mr. Sullivan holds 1,011,100 Stock Appreciation Rights (SARs) granted between 2019 and 2024, which vest in four equal annual installments and expire 10 years from the grant date; no transaction was reported for these SARs in this filing.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports a routine, non-discretionary transaction (disposition for tax obligations) by a key executive, which is a common occurrence and does not indicate positive or negative company performance or outlook.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is a common occurrence across all industries and does not reflect broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: The transaction is a routine disposition for tax purposes and is unlikely to have a material impact on the company's share price or shareholder value.
- Management: The transaction reflects the standard process of equity compensation vesting and associated tax handling for the Chairman and CEO.
Key Dates
| Date | Description |
|---|---|
| 2013-09-26 | Date of Power of Attorney granted by Frank C. Sullivan to Gregory J. Dziak. |
| 2019 | Start of the period during which Stock Appreciation Rights were granted. |
| 2024 | End of the period during which Stock Appreciation Rights were granted. |
| 2025-05-31 | Date of transaction where 112 shares vested and 34 shares were disposed of for tax obligations. |
| 2025-06-03 | Date the Form 4 was signed. |
Keywords
RPM International, Frank C. Sullivan, SEC Form 4, Insider Transaction, Share Disposition, Tax Obligations, Equity Incentive Plan, Common Stock, Stock Appreciation Rights, Corporate Governance
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