4//SEC Filing
Bosway William T 4
Accession 0001127602-24-006022
CIK 0000912562other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 3:14 PM ET
Size
9.6 KB
Accession
0001127602-24-006022
Insider Transaction Report
Form 4
Bosway William T
DirectorPresident and CEO
Transactions
- Award
Common Stock
2024-02-20+71,574→ 216,228 total
Holdings
- 44,081.43
Restricted Stock Unit (2018 MSPP)
→ Common Stock (44,081.43 underlying) - 28,867.52
Restricted Stock Unit (2018 MSPP Match)
→ Common Stock (28,867.52 underlying)
Footnotes (5)
- [F1]The shares represent Performance Stock Units issued under the Registrant's 2018 Equity Incentive Plan (which was amended and restated in 2023) that have been granted to the Reporting Person based upon satisfaction of the performance criteria. The shares vest on March 1, 2026.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
Documents
Issuer
GIBRALTAR INDUSTRIES, INC.
CIK 0000912562
Entity typeother
Related Parties
1- filerCIK 0001675953
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 3:14 PM ET
- Size
- 9.6 KB