Malone Matthew 4

What Happened Matthew Malone, President & CEO and a director of Graham Corp (GHM), had 2,375 restricted stock units (RSUs) convert into common shares on 5/17/2026. The RSU conversion showed an acquisition of 2,375 shares at $0.00 (no purchase cost). To satisfy tax withholding upon vesting, 682 of those shares were withheld/disposed at $98.28 per share for a withholding value of $67,027, leaving Malone with a net 1,693 newly issued shares.

Key Details

• Transaction date: 2026-05-17; Form 4 filed 2026-05-18 (timely filing).
• Conversion/derivative code: M (exercise/conversion of derivative security — here, RSUs converting 1:1 into common stock).
• Tax withholding code: F (shares withheld to cover tax liability) — 682 shares withheld at $98.28 each = $67,027.
• Exercise/conversion price: $0.00 (RSUs converted without cash payment).
• Net shares received: 2,375 converted − 682 withheld = 1,693 shares.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes from the filing: F1 (RSUs convert one-for-one), F2 (shares withheld for tax withholding), F3 (these RSUs vested on 5/17/2026). Footnotes F4 and F5 in the filing describe other RSU vesting schedules not applicable to this vested grant.

Context This was a routine RSU vesting and withholding for taxes (a common, administrative transaction). The withholding of shares to cover tax obligations is not the same as an open-market sale and does not necessarily indicate a change in the insider’s view of the company.