Adams Jon 4
Research Summary
AI-generated summary
Columbus McKinnon (CMCO) Sr. VP Jon Adams Sells Shares to Cover Taxes
What Happened
Jon Adams, Senior Vice President, Business Integration at Columbus McKinnon (CMCO), had restricted stock units (RSUs) vest and sold a portion of the vested shares to cover tax withholding. On 5/19/2026, 1,002 shares were transferred at $13.59 per share ($13,617); on 5/20/2026, 246 shares were transferred at $14.09 per share ($3,466). Total proceeds from the withholding sales were about $17,083. These were tax-withholding disposals (routine), not open-market investment sales.
Key Details
- Transaction dates & prices:
- 5/19/2026: 1,002 shares @ $13.59 = $13,617 (tax withholding)
- 5/20/2026: 246 shares @ $14.09 = $3,466 (tax withholding)
- Transaction code: F (sale of shares to satisfy tax withholding on vesting).
- Holdings: Filing notes 8,194.386 restricted shares issued to Adams that remain subject to forfeiture in whole or part; vesting schedule: 743.047 shares vest 5/22/2026; 683.487 on 1/22/2027; 627.81 on 5/20/2027; and 4,505.796 vest 50% per year for two years beginning 5/19/2027.
- Filing: Report covers 5/19–5/20/2026 and was filed 5/21/2026 (timely under Form 4 rules).
Context
These transactions reflect RSU vesting with shares withheld/sold to satisfy tax obligations (a common, non-directional corporate payroll action). This is not an open-market purchase or discretionary sale by the insider; it does not necessarily indicate a change in the insider’s view on the company.