Schnorr Lisa M. 4

What Happened

• Lisa M. Schnorr, a director of Graham Corporation (GHM), had restricted stock unit (RSU) activity reported. On 2026-06-02 she recorded the conversion/exercise of 1,956 derivative units (reported as acquired @ $0) and a same-day disposition of 1,956 derivative units (reported as disposed @ $0). On 2026-06-01 she was granted/awarded 905 RSUs (reported @ $0).
• All transactions are reported with $0 per-share amounts, which is typical for RSU vesting/conversion entries rather than an open-market cash purchase or sale.

Key Details

• Transaction dates and codes: 2026-06-01 — Grant/Award (A) of 905 RSUs; 2026-06-02 — Exercise/Conversion (M) of 1,956 derivative units (acquired) and concurrent disposition of 1,956 derivative units (disposed). All prices reported $0.00.
• Shares owned after transaction: the filing excerpt does not state total common shares held outright; footnotes note 11,283 vested RSUs that become payable on separation of service and additional RSUs that vest later.
• Notable footnotes:
  • F1: Certain RSUs vested on 6/2/2026 and become payable in common shares upon the reporting person’s separation as a director.
  • F2: Includes 11,283 vested RSUs that become payable upon separation.
  • F3: The newly granted RSUs convert 1-for-1 to common stock and (absent special terms) vest on 6/1/2027 under the 2020 Equity Incentive Plan.
• Filing timeliness: Form 4 was filed 2026-06-03 for transactions on 6/1 and 6/2 — appears to be filed timely (within the Form 4 reporting window).

Context

• For retail investors: conversion of RSUs into shares and a simultaneous disposition (both reported at $0) commonly reflects vesting and immediate surrender or transfer of shares to satisfy tax-withholding or settlement requirements, or a cashless/settlement mechanism — not an open-market buy or typical sale for cash proceeds. Such administrative transactions are routine and do not by themselves indicate the insider’s market view.