Myers Linda Kristine 4
Research Summary
AI-generated summary
Gibraltar (ROCK) Director Linda Myers Receives 3,059-Share Award
What Happened
Linda Kristine Myers, a director of Gibraltar Industries, received an award/acquisition of 3,059 shares (or restricted stock units) on May 7, 2026. The grant is reported at $37.59 per share, with a total reported value of approximately $114,988. This was an award under the company’s director compensation program (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date and price: May 7, 2026 — 3,059 shares at $37.59 each (total ≈ $114,988).
- Transaction type: Award/Grant (code A).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes summary:
- F1: Some shares represent common stock entitled to the director under the annual non-employee director compensation program.
- F2: Some represent RSUs allocated for deferral of a portion of the director retainer.
- F3: Those RSUs are cash-settled upon termination (one lump sum or 5/10 annual installments) and convert to cash based on a 200-day rolling average fair market value at termination.
- Filing timeliness: Report filed May 8, 2026 (one day after the transaction) — appears timely.
Context
This is a routine director compensation award and not an insider purchase/sale in the open market. Part of the grant appears to be immediate share entitlements while part are deferred RSUs that will be paid in cash based on the company’s long-term average stock price upon the director’s departure, so it does not necessarily reflect an immediate change in equity holdings or a direct bullish/bearish trading signal.