Bosway William T 4
4 · GIBRALTAR INDUSTRIES, INC. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Gibraltar (ROCK) CEO William Bosway Sells 5,872 Shares for Taxes
What Happened William T. Bosway, President, CEO and a Director of Gibraltar Industries (ROCK), had 5,872 shares disposed (withheld) to satisfy tax obligations related to restricted stock units. The shares were reported at $45.48 each, for a total value of $267,059. This was a tax-withholding/settlement of RSUs—not an open-market sale.
Key Details
- Transaction date and price: March 1, 2026 — 5,872 shares at $45.48; total $267,059. (Transaction code F = payment of exercise price or tax liability.)
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes: The shares relate to restricted stock units under the Company’s 2018 Management Stock Purchase Plan (matching and deferred RSUs). Footnotes note forfeiture if service ends before the 5th anniversary of vesting commencement and that RSUs are ultimately payable in cash (lump sum or installments) as described in the plan.
- Filing timeliness: Reported on March 3, 2026 for a March 1, 2026 event—appears timely.
Context This transaction reflects routine tax withholding on granted/allocated RSUs rather than a discretionary open-market sale. Such withholding is common when equity awards vest or are settled and does not, by itself, indicate the insider’s view on the company’s stock. Purchases or open-market sales by insiders typically carry more interpretive weight for investors.
Insider Transaction Report
- Tax Payment
Common Stock
2026-03-01$45.48/sh−5,872$267,059→ 227,765 total
- 43,981.51
Restricted Stock Unit (2018 MSPP Match)
[F1][F2]→ Common Stock (43,981.51 underlying) - 69,271.42
Restricted Stock Unit (2018 MSPP)
[F3][F4]→ Common Stock (69,271.42 underlying)
Footnotes (4)
- [F1]Represents matching restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of their annual base salary and annual cash incentive compensation pursuant to the Company's 2018 Management Stock Purchase Plan.
- [F2]Restricted stock units are forfeited if Reporting Person's service as an officer of the Company is terminated prior to the fifth (5th) anniversary of the Reporting Person's vesting commencement date. If service as an officer continues beyond the fifth (5th) anniversary of the Reporting Person's vesting commencement date, restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value of one share of the Company's common stock, as defined in the Company's 2018 Management Stock Purchase Plan, on the date of termination of the Reporting Person's service as an officer of the Company.
- [F3]Represents restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of their annual base salary and annual cash incentive compensation pursuant to the Company's 2018 Management Stock Purchase Plan.
- [F4]Restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value of one share of the Company's common stock, as defined in the Company's 2018 Management Stock Purchase Plan, on the date of termination of the Reporting Person's service as an officer of the Company.