Form 4: RPM International CEO Frank Sullivan Reports Gift of 42,000 Shares

Frank Sullivan, Chairman and CEO of RPM International, reports a gift of 42,000 common stock shares and provides an update on his beneficial ownership.

Summary

• Frank C. Sullivan, Chairman and CEO of RPM International Inc., filed a Form 4 with the SEC.
• The report details a transaction on March 1, 2024, where 42,000 shares of common stock were disposed of as a gift.
• The price per share for this transaction was $0.00.
• Following the transaction, Sullivan directly owns 1,025,072 shares of common stock.
• Sullivan also indirectly owns 15,600 shares through the Thomas C. Sullivan Irrevocable Trust, 3,000 shares as custodian for his son, and 5,039 shares through a 401(k) plan.
• The report also mentions stock appreciation rights covering 1,136,000 shares of common stock, granted between 2018 and 2023, vesting in annual installments and expiring ten years from the grant date.

Sentiment

Score: 5

Explanation: This is a neutral informational filing. It reports a gift of shares, which doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates changes in Frank Sullivan's holdings of RPM International stock.

Key Dates