4//SEC Filing
Averick Robert M 4
Accession 0001104659-25-031646
CIK 0001031623other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:00 PM ET
Size
11.7 KB
Accession
0001104659-25-031646
Insider Transaction Report
Form 4
Averick Robert M
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2025-04-01+5,333→ 31,333 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−5,333→ 0 total→ Common Stock (5,333 underlying) - Award
Restricted Stock Unit
2025-04-01+5,979→ 5,979 totalFrom: 2026-04-01Exp: 2026-04-01→ Common Stock (5,979 underlying)
Holdings
- 1,811,894(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]Piton Capital Partners LLC, a Delaware limited liability company ("Piton") and family client of Kokino LLC ("Kokino"), reports beneficial ownership of the Issuer's common stock pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended, pursuant to a Schedule 13D originally filed by Piton with the SEC on March 22, 2018, as amended from time to time.
- [F2]Indicates shares of the Issuer's common stock ("Shares") beneficially owned by Piton. Mr. Averick manages Piton's investment in the Issuer as a Portfolio Manager of Kokino. Mr. Averick holds an indirect interest in certain Shares through his minority ownership of Piton, which is a client of Kokino (which ownership may be held through Piton's managing member, Piton Capital Management LLC ("PCM")). Also, Mr. Averick's incentive compensation/allocation as an employee of Kokino and member of Piton, which are generally calculated in Kokino's discretion subject to Piton's and PCM's governing documents, may be based on the performance of Shares held by Piton. Such compensation/allocation may be paid or made in cash and/or by way of increasing Mr. Averick's interest in Piton (either directly or indirectly through PCM). Kokino is PCM's managing member.
- [F3]The reported transaction involved Mr. Averick's receipt of a grant of 5,333 restricted stock units on April 1, 2024. The restricted stock units vested on April 1, 2025. Restricted stock units convert into Shares on a one-for-one basis.
- [F4]Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock on April 1, 2026. The restricted stock units were received as a grant or award.
Documents
Issuer
GULF ISLAND FABRICATION INC
CIK 0001031623
Entity typeother
Related Parties
1- filerCIK 0001343599
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:00 PM ET
- Size
- 11.7 KB