Thoren Daniel J. 4
4 · GRAHAM CORP · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Graham Corp (GHM) Exec Chair Daniel Thoren Receives RSU Shares
What Happened Daniel J. Thoren, Executive Chairman and Director of Graham Corp (GHM), had 5,543 restricted stock units (RSUs) convert into common stock on 2026-06-04. The RSU conversion is reported as an exercise/conversion of a derivative (code M) with an acquisition price of $0.00 per share. To satisfy tax withholding, 1,593 of those shares were withheld/disposed (code F) at $107.96 per share, totaling $171,980. Net shares added to his holdings from this vesting event: 3,950 shares.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (filed within the standard two-business-day window).
- Converted/issued: 5,543 shares (RSUs converted one-for-one into common stock; acquisition price $0.00).
- Withheld for taxes: 1,593 shares at $107.96 each, totaling $171,980 (reported as disposition to cover tax liability).
- Net new shares held by insider from this event: 3,950 shares (5,543 issued − 1,593 withheld).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Relevant footnotes: F1 = RSUs convert one-for-one into common stock; F2 = shares were withheld to cover tax withholding; additional footnotes (F3–F5) describe the vesting schedules for these RSU grants.
Context This was a routine RSU vesting and conversion, not an open-market sale or purchase. The withholding of shares to cover taxes is a common, non-bullish technical step (a cashless tax withholding). The filing appears timely. For investors, purchases (open-market buys) can be more informative about insider sentiment; this report documents compensation-related vesting rather than a discretionary buy or sell.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-04+5,543→ 362,532 total - Tax Payment
Common Stock
[F2]2026-06-04$107.96/sh−1,593$171,980→ 360,939 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-04−5,543→ 5,543 totalExercise: $0.00→ Common Stock (5,543 underlying)
- 1,059
Restricted Stock Units
[F1][F4]Exercise: $0.00→ Common Stock (1,059 underlying) - 629
Restricted Stock Units
[F1][F5]Exercise: $0.00→ Common Stock (629 underlying)
Footnotes (5)
- [F1]These restricted stock units convert into common stock on a one-for-one basis ("RSUs").
- [F2]Shares withheld to cover tax withholding obligations upon the vesting of RSUs.
- [F3]Two-thirds of the original grant of these RSUs vested in substantially equal installments on each of 6/4/2025 and 6/4/2026, and except as otherwise provided in the award notice, the balance vests on 6/4/2027.
- [F4]One-third of the original grant of these RSUs vested on 6/2/2026, and except as otherwise provided in the award notice, the balance vests in substantially equal installments on 6/2/2027 and 6/2/2028.
- [F5]These RSUs vest one-third on each of 6/1/2027, 6/1/2028 and 6/1/2029, except as otherwise provided in the award notice.