Watorek Jeffrey J. 4
Research Summary
AI-generated summary
Gibraltar (ROCK) VP/Treasurer Jeffrey Watorek Sells 278 Shares
What Happened
Jeffrey J. Watorek, Vice President and Treasurer of Gibraltar Industries (ROCK), had 278 shares disposed on March 1, 2026 to satisfy tax withholding related to restricted stock units. The shares were valued at $45.48 each, for a total of approximately $12,643. This was a tax-withholding disposition rather than an open-market sale.
Key Details
- Transaction date: 2026-03-01; filing date: 2026-03-03 (timely Form 4 filing).
- Disposition: 278 shares at $45.48 per share; total value ≈ $12,643.
- Transaction code: F — shares withheld/used to cover tax liability.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes:
- F1: These were matching restricted stock units allocated under the Company’s 2018 Management Stock Purchase Plan tied to salary/incentive deferrals.
- F2: RSUs are forfeitable if officer service ends before the 5th anniversary of vesting commencement; after that date RSUs convert to cash payable in a lump sum or installments based on fair market value at termination.
Context
Tax-withholding dispositions are routine when RSUs vest and do not necessarily signal insider sentiment about the stock. This transaction reflects a withholding to satisfy tax obligations on vested awards, not a discretionary sale of additional shares.