Catlett Janet Anne 4
Research Summary
AI-generated summary
Gibraltar (ROCK) VP Janet Catlett Pays Tax Withholding on RSUs
What Happened
- Janet Anne Catlett, Vice President and Chief Human Resources Officer of Gibraltar Industries (ROCK), had 169 shares withheld on April 26, 2026 to satisfy a tax/payment obligation related to restricted stock units (RSUs). The shares were valued at $39.57 each for a total of $6,687. This was a withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: April 26, 2026 — 169 shares at $39.57 per share; total value $6,687.
- Transaction type: Code F — payment of exercise price or tax liability (shares withheld to cover taxes).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing timeliness: Report filed April 27, 2026 for the April 26 transaction (filed promptly).
- Notable footnotes: RSUs reflect matching awards and deferrals under the Company’s 2018 Management Stock Purchase Plan (see F1, F3). RSUs may be forfeited if officer service ends before the 5th anniversary of the vesting commencement date; otherwise they are payable in cash (one lump sum or in installments) and convert to an amount equal to the fair market value of one share on the date of termination (see F2, F4).
Context
- This was a tax-withholding event tied to RSU compensation, not a sale to generate cash or a purchase that signals bullishness. For RSU-based withholdings, companies often retain or cancel a portion of shares to cover taxes when awards vest or are allocated. The filing shows a routine tax-related disposition rather than discretionary trading by the insider.