Painter Jonathan W 4

What Happened

• Jonathan W. Painter, a director of Graham Corp (GHM), reported RSU/derivative activity on June 1–2, 2026. The Form 4 shows a 1,956-share exercise/conversion on 6/2/2026 (code M) with a matching 1,956-share disposition (also recorded 6/2/2026), and a 905-share grant/award (code A) on 6/1/2026. All transactions show an exercise/grant price of $0.00, so no cash was paid in these transactions and total reported dollar value is $0.

Key Details

• Transaction dates and prices:
  • 6/02/2026: Exercise/conversion (M) — 1,956 shares acquired at $0.00.
  • 6/02/2026: Exercise/conversion (M) — 1,956 shares disposed at $0.00 (derivative).
  • 6/01/2026: Grant/award (A) — 905 restricted stock units at $0.00.
• Shares owned after transaction: The Form 4 does not state total common shares beneficially owned post-transaction. Footnotes note additional vested units (see below).
• Notable footnotes:
  • F1: Certain RSUs vested on 6/2/2026 and become payable in shares on separation of the director’s service.
  • F2: Filing includes 11,283 vested RSUs that become payable, one-for-one, upon separation of service.
  • F3: The 905 RSUs were granted under the 2020 Equity Incentive Plan and generally vest on 6/1/2027.
• Filing timeliness: Form 4 was filed 2026-06-03 covering activity on 6/01–6/02/2026. No late filing is indicated in the document.

Context

• These are RSU/derivative transactions (code M/A). The $0 exercise/grant price indicates conversion/vesting of restricted stock units rather than a cash purchase. The paired acquire/dispose entries (1,956 shares) may reflect conversion and an offsetting transfer or settlement; the filing does not state a cash sale price.
• For retail investors: awards/vests and conversions are often administrative (compensation/tax settlement) and do not necessarily signal the insider’s view of the company. The grant (905 RSUs) vests later (per F3), while vested RSUs noted in F1/F2 may be subject to payment conditions upon separation.