Korman Alan S 4

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.