Gayford Michael James 4

What Happened
Michael Gayford, Executive Vice President of Operations at CORE Molding Technologies (CMT), had 2,189 restricted shares withheld to satisfy tax withholding obligations upon vesting. The withholding occurred on March 27, 2026, at a per-share price of $19.40, resulting in a total deemed disposition value of $42,467 across four withholding transactions (962, 102, 725 and 400 shares).

Key Details

• Transaction date: 2026-03-27; filing date: 2026-03-31 (filed within the normal Form 4 window).
• Price per share: $19.40.
• Shares withheld/disposed: 962 ($18,663), 102 ($1,979), 725 ($14,065), 400 ($7,760); total 2,189 shares, $42,467.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Footnote: The dispositions represent restricted shares withheld to cover the executive's tax withholding obligation upon vesting. The withholding is a deemed disposition exempt under Rule 16b-3(e) (transaction code F).

Context
This was tax-withholding on vested restricted stock — a routine, administrative disposition rather than an open-market sale. Such withholdings are common and do not necessarily signal a change in the insider's view of the company; purchases generally carry more interpretive weight than routine withholdings or sales for tax/liquidity reasons.