Form 4: RPM International VP and CFO Russell L. Gordon Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Russell L. Gordon, VP and CFO of RPM International, reports the disposition of shares to cover tax obligations following the vesting of stock awards.
Summary
- On May 31, 2024, Russell L. Gordon, VP and CFO of RPM International Inc., reported a transaction involving the disposition of 1,412 shares of common stock to cover tax obligations.
- This transaction occurred following the vesting of 3,293 shares of common stock issued to Mr. Gordon under the company's 2014 Omnibus Equity and Incentive Plan.
- After the transaction, Mr. Gordon beneficially owns 120,749 shares of RPM International common stock.
- These holdings include shares issued under the plan, vested restricted shares held in escrow until retirement, and performance-earned restricted stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
- The transaction has no impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| April 4, 2012 | Date of Power of Attorney granted to Gregory J. Dziak. |
| May 31, 2024 | Date of transaction: vesting of shares and subsequent disposition for tax obligations. |
| June 4, 2024 | Date of signature of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.