Adams Jon 4
Research Summary
AI-generated summary
Columbus McKinnon (CMCO) Sr. VP Jon Adams Receives Award
What Happened
- Jon Adams, Senior Vice President, Business Integration at Columbus McKinnon (CMCO), was granted 41.478 restricted stock units (reported as an acquisition/award) on 2026-05-11. The grant is reported at $0 on the Form 4 (typical for RSU awards that convert to shares upon vesting). This transaction is an award/grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-11; Price per share reported: $0.00; Shares acquired: 41.478 (award).
- Filing date: 2026-05-13 — filed within the standard two-business-day Form 4 window (timely).
- Shares owned after transaction: total "owned after" not explicitly provided in the summary data here. Footnote details indicate the reporting person includes 9,442.386 restricted shares subject to forfeiture with specified vesting tranches (see next bullet).
- Notable footnotes:
- F1: These 41.478 units represent additional RSUs attributable to dividend reinvestment.
- F2: The filing also references 9,442.386 restricted shares subject to forfeiture with vesting schedules (743.047 vest 5/22/2026; 683.487 vest 1/22/2027; 1,256.649 vest 50% per year for two years beginning 5/20/2026; 6,759.203 vest 33.33% per year for three years beginning 5/19/2026), contingent on continued employment.
- Transaction type code: A = Award/Grant. No cash was exchanged at grant; tax/ownership consequences typically occur on vesting.
Context
- This was a compensation award of RSUs (not a market purchase). RSU grants are common executive compensation and are generally intended for retention; they convert to actual shares only as they vest per the stated schedule.
- Because this is an award (not a sale), it should not be read as an immediate bullish or bearish signal about the stock; it increases potential future share ownership if vesting conditions are met.