Malone Matthew 4
Research Summary
AI-generated summary
Graham Corp (GHM) CEO Matthew Malone Receives RSUs; 730 Shares Withheld
What Happened
- Matthew Malone, President, CEO and Director of Graham Corporation (GHM), had RSUs vest and received shares, and he received a separate RSU grant. On 6/2/2026, 2,540 restricted stock units (RSUs) converted into 2,540 common shares. To cover tax withholding, 730 of those shares were withheld (disposed) at $106.11 each, generating $77,460 in value. Net shares delivered to Malone from the vesting were 1,810. On 6/1/2026 he was additionally granted 6,036 RSUs (no cash exchanged).
Key Details
- Transaction dates and prices:
- 6/1/2026: Grant of 6,036 RSUs (A) — $0 exercise price (award).
- 6/2/2026: Conversion of 2,540 RSUs into common shares (M) — $0 per share for conversion.
- 6/2/2026: 730 shares withheld to satisfy tax withholding (F) at $106.11/share = $77,460.
- Net shares received from the 6/2/2026 vesting: 1,810 shares (2,540 vested − 730 withheld).
- Shares owned after the transactions: not specified in the filing.
- Footnotes: RSUs convert one-for-one into common stock (F1). Shares were withheld to cover tax withholding upon vesting (F2). Vesting schedules described in footnotes: one-third vested 6/2/2026 with remaining installments in later years (F3–F5); the 6,036-RSU grant is under the 2020 Equity Incentive Plan and vests over future anniversaries (F4).
- Timeliness: Form filed 2026-06-03 for transactions on 6/1–6/2/2026. Filing appears timely (no late-filing flag in the report).
Context
- This was an RSU vesting and grant, not an open-market purchase or voluntary sale. The withholding of 730 shares to cover taxes is a routine, administrative "cashless" withholding upon vesting and does not necessarily indicate a change in insider sentiment. The 6,036-RSU award will vest per the plan schedule noted in the footnotes.