Burns Patrick 4
4 · GIBRALTAR INDUSTRIES, INC. · Filed Mar 19, 2021
Insider Transaction Report
Form 4
Burns Patrick
Chief Operating Officer
Transactions
- Award
Common Stock
2021-03-18+1,143→ 1,747 total - Tax Payment
Common Stock
2021-03-18$88.28/sh−335$29,574→ 1,412 total - Award
Common Stock
2021-03-18+2,500→ 3,912 total - Disposition to Issuer
Restricted Stock Unit (LTIP 03/18/2019)
2021-03-18−1,143→ 2,286 total - Tax Payment
Common Stock
2021-03-18$88.28/sh−733$64,709→ 3,179 total - Disposition to Issuer
Special Restricted Stock Unit (March 2019)
2021-03-18−2,500→ 5,000 total
Holdings
- 9,001
Performance Stock Unit (March 2020)
- 2,300
Restricted Stock Unit (LTIP 3/1/2021)
- 9,000
Special Performance Stock Unit (March 2020)
- 5,110
Performance Stock Unit (March 2021)
- 2,775
Restricted Stock Unit (LTIP 3/2/2020)
- 5,092.51
Restricted Stock Unit (2018 MSPP Match)
→ Common Stock (5,092.51 underlying) - 11,787
Performance Stock Unit (March 2019)
- 2,755.21
Restricted Stock Unit (2018 MSPP)
→ Common Stock (2,755.21 underlying)
Footnotes (8)
- [F1]Represents the conversion of restricted stock units awarded as part of the Company's Long Term Incentive Plan into common stock upon vesting.
- [F2]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.
- [F3]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 18th, 2020 and on each March 18th thereafter through March 18th, 2023.
- [F4]Represents special restricted stock units awarded to Reporting Person. Twenty-five percent (25%) of the total units awarded vest and are payable, solely in shares of common stock of the Company, on March 18th, 2020 and on each March 18th thereafter through March 18th, 2023.
- [F5]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.
- [F6]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.
- [F7]Represents 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.
- [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. 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.