Thoren Daniel J. 4
4 · GRAHAM CORP · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Graham (GHM) Exec Chairman Daniel Thoren Receives Award
What Happened Daniel J. Thoren, Executive Chairman and Director of Graham Corporation (GHM), was issued 22,101 shares upon the vesting of performance-based restricted stock units (PSUs) on 2026-06-08 (recorded as an award at $0.00). To satisfy tax-withholding obligations on the vesting, 8,095 of those shares were withheld/disposed at $95.34 per share for a value of $771,777. The award was reported on Form 4 filed 2026-06-10.
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (appears timely).
- Award: 22,101 shares recorded as acquired at $0.00 (PSU vesting).
- Disposition for tax withholding: 8,095 shares at $95.34 each = $771,777 (code F).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes: Awarded upon vesting of performance-based RSUs under the 2020 Equity Incentive Plan (exempt under Rule 16b-3); shares withheld to cover taxes; PSUs/RSUs convert 1:1 to common stock; vesting schedules for other RSU tranches are described in footnotes.
Context This was primarily a compensation-related award (PSU vesting) rather than an open-market purchase or a discretionary sale. The only shares disposed were withheld to meet tax obligations — a routine administrative step that does not necessarily indicate management sentiment about the stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-08+22,101→ 383,040 total - Tax Payment
Common Stock
[F2]2026-06-08$95.34/sh−8,095$771,777→ 374,945 total
- 5,543
Restricted Stock Units
[F3][F4]Exercise: $0.00→ Common Stock (5,543 underlying) - 1,059
Restricted Stock Units
[F3][F5]Exercise: $0.00→ Common Stock (1,059 underlying) - 629
Restricted Stock Units
[F3][F6]Exercise: $0.00→ Common Stock (629 underlying)
Footnotes (6)
- [F1]These shares were awarded to Mr. Thoren upon the vesting of performance-based restricted stock units ("PSUs") granted to him under the 2020 Graham Corporation Equity Incentive Plan in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined performance measures over the eligible three-year period that ended on 3/31/2026.
- [F2]Shares withheld to cover tax withholding obligations upon the vesting of PSUs.
- [F3]These restricted stock units convert into common stock on a one-for-one basis ("RSUs").
- [F4]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.
- [F5]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.
- [F6]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.