4//SEC Filing
Syvrud Cherri 4
Accession 0001127602-20-008711
CIK 0000912562other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 7:18 PM ET
Size
30.1 KB
Accession
0001127602-20-008711
Insider Transaction Report
Form 4
Syvrud Cherrie
Senior Vice President
Transactions
- Award
Common Stock
2020-03-01+446→ 4,006 total - Tax Payment
Common Stock
2020-03-01$50.67/sh−189$9,577→ 3,560 total - Disposition to Issuer
Restricted Stock Unit (LTIP 3/1/2019)
2020-03-01−446→ 1,341 total - Tax Payment
Common Stock
2020-03-01$50.67/sh−499$25,284→ 4,690 total - Award
Performance Stock Unit (March 2019)
2020-02-27+1,144→ 8,294 total - Tax Payment
Common Stock
2020-03-01$50.67/sh−167$8,462→ 3,839 total - Disposition to Issuer
Performance Stock Units (February 2017)
2020-03-01−1,350→ 0 total - Award
Common Stock
2020-03-01+506→ 3,749 total - Disposition to Issuer
Restricted Stock Units (LTIP 3/1/2018)
2020-03-01−506→ 1,012 total - Award
Common Stock
2020-03-01+1,350→ 5,189 total
Holdings
- 7,732
Performance Stock Units (March 2018)
- 220.574(indirect: By 401(k))
Common Stock
- 363
Restricted Stock Units (LTIP 02/01/2017)
- 2,655.5
Restricted Stock Unit (MSPP Match Post-2012)
→ Common Stock (2,655.5 underlying) - 456
Restricted Stock Unit (LTIP 6/10/2016)
- 273.11
Restricted Stock Unit (2018 MSPP Match)
→ Common Stock (273.11 underlying) - 2,655.5
Restricted Stock Unit (MSPP Post-2012)
→ Common Stock (2,655.5 underlying)
Footnotes (15)
- [F1]Represents Performance Units which will be awarded to the Reporting Person under the Company 's Equity Incentive Plan upon achievement of the targeted return on invested capital for 2019. The maximum number of Performance Units which may be earned is two hundred percent (200%) of the Performance Units awarded for target level performance and the minimum number of Performance Units which may be earned is zero (0) Performance Units.
- [F10]Represents matching restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of her annual base salary pursuant to the Company's 2018 Management Stock Purchase Plan.
- [F11]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 (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as an officer of the Company.
- [F12]Represents matching restricted stock units allocated to the Reporting Person after 2012 with respect to the Reporting Person's deferral of a portion of her annual cash incentive compensation pursuant to the Company's Management Stock Purchase Plan.
- [F13]Restricted stock units are forfeited if Reporting Person's service as an officer of the Company is terminated prior to age sixty (60). If service as an officer continues through age sixty (60), 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 (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as an officer of the Company.
- [F14]Represents restricted stock units allocated to the Reporting Person after 2012 with respect to the Reporting Person's deferral of a portion of her annual cash incentive compensation pursuant to the Company's Management Stock Purchase Plan.
- [F15]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 as an officer of the Company. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as an officer of the Company.
- [F2]Represents an increase of the targeted number of Performance Units awarded to the Reporting Person on March 1, 2019 under the Company's 2018 Equity Incentive Plan as a result of the Company's achievement of a return on invested capital above the targeted return on invested capital for 2019. The Compensation Committee has reviewed and confirmed the Company's calculation of Return on Invested Capital for 2019 as compared to target and approved the resulting increase in the number of Performance Units.
- [F3]Represents the conversion of restricted stock units awarded as part of the Company's Long Term Incentive Plan into common stock upon vesting.
- [F4]Represents common stock retained by the Company upon conversion of Reporting Person's restricted stock units into shares of common stock in satisfaction of the Reporting Person's individual minimum statutory withholding obligation.
- [F5]Represents restricted stock units awarded as part of the Company 's Long Term Incentive Plan. Twenty-five percent (25%) of the total units awarded vest and are payable, solely in shares of common stock of the Company, on March 1st, 2019 and on each March 1st thereafter through March 1st, 2022.
- [F6]Represents restricted stock units awarded as part of the Company 's Long Term Incentive Plan. Twenty-five percent (25%) of the total units awarded vest and are payable, solely in shares of common stock of the Company, on March 1st, 2020 and on each March 1st thereafter through March 1st, 2023.
- [F7]Represents the conversion of performance stock units to shares of common stock upon vesting.
- [F8]Represents common stock retained by the Company upon conversion of Reporting Person's performance stock units into shares of common stock in satisfaction of Reporting Person's individual minimum statutory withholding obligation.
- [F9]Represents Performance Units which were distributed to the Reporting Person under the Company 's Equity Incentive Plan upon achievement of the targeted return on invested capital for 2017. The maximum number of Performance Units which may be earned is two hundred percent (200%) of the Performance Units awarded for target level performance and the minimum number of Performance Units which may be earned is zero (0) Performance Units.
Documents
Issuer
GIBRALTAR INDUSTRIES, INC.
CIK 0000912562
Entity typeother
Related Parties
1- filerCIK 0001674553
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 7:18 PM ET
- Size
- 30.1 KB