4//SEC Filing
Burns Patrick 4
Accession 0001127602-22-008102
CIK 0000912562other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 6:18 PM ET
Size
13.0 KB
Accession
0001127602-22-008102
Insider Transaction Report
Form 4
Burns Patrick
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2022-03-01$47.00/sh−3,682$173,054→ 29,467 total - Award
Common Stock
2022-03-01+4,397→ 33,864 total
Holdings
- 5,662.56
Restricted Stock Unit (2018 MSPP Match)
→ Common Stock (5,662.56 underlying) - 4,180.36
Restricted Stock Unit (2018 MSPP)
→ Common Stock (4,180.36 underlying) - 9,000
Special Performance Stock Unit (March 2020)
Exercise: $0.00→ Common Stock (9,000 underlying)
Footnotes (7)
- [F1]Includes 20,787 shares subject to unvested Restricted Stock Units.
- [F2]The shares represent Restricted Stock Units issued under the Registrant's 2018 Equity Incentive Plan that have been granted to the Reporting Person. The shares vest in four portions: 25% on March 1, 2023, and on each March 1 thereafter through March 1, 2026. The Reporting Person was also granted Performance Stock Units, which will be reported on a subsequent Form 4 upon satisfaction of the performance criteria.
- [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 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 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 Performance Stock Units issued to the Reporting Person under the Registrant's 2018 Equity Incentive Plan at target. The Performance Stock Units may be earned at 0% to 200% of target based on the Registrant's three-year total stockholder return relative to the S&P Small Cap 600 Industrial Sector Index. Each earned Performance Stock Unit will represent a right to receive one share of the Registrant's common stock and will vest in full on March 1, 2023, provided that the Reporting Person is employed by the Registrant on such date.
Documents
Issuer
GIBRALTAR INDUSTRIES, INC.
CIK 0000912562
Entity typeother
Related Parties
1- filerCIK 0001685728
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 6:18 PM ET
- Size
- 13.0 KB