PALOMAKI ERIC 4
Research Summary
AI-generated summary
Core Molding (CMT) COO Eric Palomaki Receives Share Awards
What Happened
- Eric Palomaki, Chief Operating Officer of Core Molding Technologies (CMT), received share awards/vestings totaling 27,246 shares. The transactions reported were grants/awards (code A): 12,000 shares on 2026-01-12 at $0.00, 13,462 shares on 2026-03-11 at $0.00, and 1,784 shares on 2026-03-11 reported at $19.15 (value ≈ $34,164). These are award/vesting events rather than open-market purchases or sales.
Key Details
- Transaction dates and reported prices:
- 2026-01-12: 12,000 shares — reported price $0.00 (award/grant)
- 2026-03-11: 13,462 shares — reported price $0.00 (award/grant)
- 2026-03-11: 1,784 shares — reported price $19.15 — acquired, total ≈ $34,164
- Footnotes:
- F1: The 1,784 shares were issued upon vesting and settlement of 2023 performance share awards on March 11, 2026.
- F2: The $19.15 reflects the average market price on March 11, 2026; prices that day ranged $18.30–$20.00.
- Shares owned after the transaction: Not specified in the provided Form 4 details.
- Filing and timeliness: Form 4 was filed March 13, 2026. The March 11 vesting entries were filed within the standard two-business-day window.
Context
- These entries are award/vesting events (not purchases or open-market sales). Vesting of performance shares converts previously granted rights into shares; the $0.00 entries indicate award grants/settlements where no cash purchase occurred at grant. Such insider awards are routine compensation and do not necessarily signal an immediate buy/sell sentiment.