PAUL LAURENCE E 4
Research Summary
AI-generated summary
Ampco-Pittsburgh (AP) Director Paul Laurence Receives 7,374-Share Award
What Happened
- Paul Laurence, a director of Ampco‑Pittsburgh Corporation (ticker: AP), received a grant of 7,374 restricted shares on 2026-05-15. The grant is reported as an award (transaction code A) with an acquisition price of $0, so the filing shows $0 cash paid for the award.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-18 (timely filing).
- Transaction type/code: Award of restricted stock (A).
- Shares granted: 7,374; reported acquisition price: $0 (non‑cash grant).
- Vesting: These restricted shares vest on the first anniversary of the grant date (per filing footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Plan: Grant made under Ampco‑Pittsburgh Corporation 2016 Omnibus Incentive Plan, amended and restated May 8, 2025.
Context
- Restricted stock awards are a common form of compensation and retention for directors/executives; they typically vest over time and therefore do not represent an immediate sale. This grant does not by itself indicate a buy/sell signal because it’s compensation rather than an open‑market purchase.