Elmet (ELMT) CFO Lee Michael Steven Receives RSU Award

What Happened Lee Michael Steven, Chief Financial Officer of The Elmet Group Co. (ELMT), received a grant of 33,750 restricted stock units (RSUs) on May 19, 2026. The award was reported at $0.00 cash consideration (typical for RSU compensation); the RSUs convert into shares upon vesting and are not an open‑market purchase or sale.

Key Details

• Transaction type: Award/Grant (Code A). Transaction date: 2026-05-19; Form 4 filed 2026-05-22.
• Grant size and price: 33,750 RSUs granted at $0.00 (no cash paid).
• Vesting for these RSUs (footnotes): 33,750 RSUs vest annually in approximately four equal tranches beginning April 23, 2027 — specifically 8,437 RSUs on 4/23/2027, 8,437 on 4/23/2028, 8,437 on 4/23/2029 and 8,439 on 4/23/2030.
• Shares beneficially owned after the grant: 156,250 total (per footnote breakdown: 73,500 shares of common stock; 24,500 restricted shares vesting 9/1/2026; 24,500 restricted shares vesting 9/1/2027; plus the 33,750 unvested RSUs).
• Filing timeliness: The Form 4 was filed May 22, 2026 for a May 19, 2026 transaction; this appears to be one business day late relative to the standard two‑business‑day Form 4 deadline.

Context

• RSUs are compensation awards that convert to shares only upon vesting; they do not represent an immediate cash purchase or sale and are routine executive compensation. No sale or exercise occurred in this filing.