4//SEC Filing
Syvrud Cherri 4
Accession 0001127602-21-007870
CIK 0000912562other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 2:57 PM ET
Size
16.8 KB
Accession
0001127602-21-007870
Insider Transaction Report
Form 4
Syvrud Cherrie
Senior Vice President
Transactions
- Award
Performance Stock Unit (March 2020)
2021-02-24+544→ 6,269 total
Holdings
- 2,883
Common Stock
- 8,294
Performance Stock Unit (March 2019)
- 7,732
Performance Stock Units (March 2018)
- 1,341
Restricted Stock Unit (LTIP 3/1/2019)
- 1,012
Restricted Stock Units (LTIP 3/1/2018)
- 1,431
Restricted Stock Unit (LTIP 3/2/2020)
- 1,507.93
Restricted Stock Unit (2018 MSPP Match)
→ Common Stock (1,507.93 underlying) - 220.574(indirect: By 401(k))
Common Stock
- 2,655.5
Restricted Stock Unit (MSPP Post-2012)
→ Common Stock (2,655.5 underlying) - 2,655.5
Restricted Stock Unit (MSPP Match Post-2012)
→ Common Stock (2,655.5 underlying)
Footnotes (8)
- [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 2020. 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.
- [F2]Represents an increase of the targeted number of Performance Units awarded to the Reporting Person on March 2, 2020 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 2020. The Compensation Committee has reviewed and confirmed the Company's calculation of Return on Invested Capital for 2020 as compared to target and approved the resulting increase in the number of Performance Units.
- [F3]Represents matching restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of their annual base salary and annual cash incentive compensation pursuant to the Company's 2018 Management Stock Purchase Plan.
- [F4]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 of one share of the Company's common stock, as defined in the Company's 2018 Management Stock Purchase Plan, on the date of termination of the Reporting Person's service as an officer of the Company.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
Documents
Issuer
GIBRALTAR INDUSTRIES, INC.
CIK 0000912562
Entity typeother
Related Parties
1- filerCIK 0001674553
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 2:57 PM ET
- Size
- 16.8 KB