Korman Alan S 4
4 · COLUMBUS MCKINNON CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Columbus McKinnon (CMCO) Sr. VP Alan Korman Sells 302 Shares
What Happened
Alan S. Korman, Senior Vice President, General Counsel & Secretary of Columbus McKinnon (CMCO), sold 302 shares on February 27, 2026 at $19.15 per share, for a total of $5,783. The filing classifies the transaction as a sale (S) and indicates the shares sold were previously allocated to him under the company's Employee Stock Ownership Plan (ESOP).
Key Details
- Transaction date and price: 2026-02-27, 302 shares at $19.15 each.
- Total value: $5,783.
- Filing date: 2026-03-03 (appears to be filed within the required Form 4 timeframe).
- Shares owned/holdings note: The filing discloses beneficial ownership that includes 14,234.3931 restricted shares subject to vesting; the report does not provide a single “shares owned after” total beyond the restricted-share disclosure.
- Footnotes:
- F1: 14,234.3931 restricted shares are subject to forfeiture; specific tranches vest on 5/19/2026, 5/20/2026, and 5/22/2026 per the schedule in the filing.
- F2: The sale represents disposition of shares allocated under the ESOP in connection with termination of the ESOP per plan terms.
Context
This was a sale rather than a purchase or option exercise. The filing indicates the sale was tied to ESOP procedures (termination of the ESOP) rather than an independent open-market trade for personal liquidity; such ESOP-related dispositions are generally administrative rather than direct signals of the insider’s view on the stock. The restricted-share schedule shows a sizable portion of Korman’s reported holdings remains subject to vesting contingent on continued employment.
Insider Transaction Report
- Sale
Common Stock
[F2]2026-02-27$19.15/sh−302$5,783→ 0 total(indirect: ESOP SHARES)
- 51,532.393
Common Stock
[F1]
Footnotes (2)
- [F1]Includes 14,234.3931 shares of restricted stock issued to reporting person subject to forfeiture in whole or part; 1,931.4823 shares become fully vested 5/22/2026; 2,387.4958 shares become fully vested 50% per year for three years beginning 5/20/2026, and 9,915.4150 shares become fully vested 33.33% per year for three years beginning 5/19/2026, if reporting person remains an employee of issuer.
- [F2]The reported transaction reflects the sale of shares previously allocated to the reporting person under the issuers Employee Stock Ownership Plan (ESOP). The shares were sold in connection with the termination of the ESOP, pursuant to the plans terms.