RPM VP & GC Tracy Crandall Receives 19,794-Share Award
$RPM · RPM INTERNATIONAL INC/DE/Research Summary
AI-generated summary of this SEC filing
RPM VP & GC Tracy Crandall Receives 19,794-Share Award
What Happened
Tracy D. Crandall, Vice President, General Counsel and Chief Compliance Officer of RPM International Inc. (RPM), received equity awards on July 15, 2026 totaling 19,794 units: 1,344 shares of common stock, 850 performance-earned restricted shares, and 17,600 derivative units (stock appreciation rights or similar). All items were grants/awards (reported at $0 acquisition price) issued under RPM’s 2024 Omnibus Equity and Incentive Plan.
Key Details
- Transaction date: July 15, 2026; Form 4 filed July 17, 2026 (timely filing).
- Awards: 1,344 common shares (F1), 850 performance-earned restricted shares (F2), and 17,600 derivative awards reported as $0 (F6). Total awarded = 19,794 units.
- Vesting and terms: Footnotes indicate SARs vest in four equal annual installments beginning July 15, 2027 and generally expire 10 years from grant (F5, F6).
- Holdings noted in filing: includes an aggregate of 9,481 unvested restricted shares and 5,640 performance-earned restricted shares; additional 401(k) holdings are held by Fidelity Trust as trustee (F3, F4).
- Transaction type: Award/grant (code A). No purchase or sale; not an exercise for immediate sale. No 10b5-1 plan or tax-withholding details disclosed.
Context
These were compensation awards rather than open-market purchases or sales, so they reflect company compensation decisions rather than a direct buy/sell signal by the insider. Derivative awards (SARs) give the holder the right to the appreciation in share price subject to future vesting and expiration schedules; they do not represent immediately tradable shares until vested and settled.