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CORE MOLDING (NYSE: CMT) EVP sees 2,189 shares withheld to cover tax on vesting

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(Neutral)
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(Neutral)
Form Type
4

Rhea-AI Filing Summary

CORE MOLDING TECHNOLOGIES INC executive Michael James Gayford, EVP of Operations, reported several routine share dispositions tied to tax obligations rather than market sales. On March 27, 2026, a total of 2,189 shares of common stock were withheld at $19.40 per share to satisfy tax withholding on vested restricted stock. These transactions are coded as tax-withholding dispositions and are described as exempt under Rule 16b-3(e). Following these withholding events, Gayford directly holds 19,503 shares of CORE MOLDING TECHNOLOGIES INC common stock.

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Insider Gayford Michael James
Role EVP of Operations
Type Security Shares Price Value
Tax Withholding Common Stock 962 $19.40 $19K
Tax Withholding Common Stock 102 $19.40 $2K
Tax Withholding Common Stock 725 $19.40 $14K
Tax Withholding Common Stock 400 $19.40 $8K
Holdings After Transaction: Common Stock — 20,730 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 2,189 shares Tax-withholding dispositions on March 27, 2026
Withholding price $19.40 per share Value applied to withheld restricted stock
Shares held after transactions 19,503 shares Direct holdings after tax-withholding events
Tax-withholding transactions 4 entries Form 4 non-derivative dispositions coded F
restricted stock financial
"Represents shares of restricted stock withheld to satisfy the executive's tax withholding obligation"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligation financial
"withheld to satisfy the executive's tax withholding obligation upon vesting of restricted stock"
Rule 16b-3(e) regulatory
"The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e)."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Gayford Michael James
(Last)(First)(Middle)
800 MANOR PARK DR
(Street)
COLUMBUS OHIO 43035
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CORE MOLDING TECHNOLOGIES INC [ CMT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP of Operations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/27/2026F962(1)D$19.420,730D
Common Stock03/27/2026F102(1)D$19.420,628D
Common Stock03/27/2026F725(1)D$19.419,903D
Common Stock03/27/2026F400(1)D$19.419,503D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of restricted stock withheld to satisfy the executive's tax withholding obligation upon vesting of restricted stock. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
Remarks:
/s/ Alex J. Panda, as attorney-in-fact03/31/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CMT EVP Michael Gayford report on March 27, 2026?

Michael Gayford reported tax-related share dispositions, not market sales. A total of 2,189 CORE MOLDING TECHNOLOGIES INC common shares were withheld on March 27, 2026 to cover tax obligations arising from the vesting of restricted stock awards.

Were Michael Gayford’s CMT transactions open-market sales of stock?

No, the transactions were not open-market sales. They were coded as tax-withholding dispositions, where shares of restricted stock were withheld by the company to satisfy Gayford’s tax liability upon vesting, as described under Rule 16b-3(e).

How many CMT shares were withheld for Michael Gayford’s tax obligations?

In total, 2,189 shares of CORE MOLDING TECHNOLOGIES INC common stock were withheld. These shares covered the executive’s tax withholding obligation related to the vesting of restricted stock, with the deemed disposition treated as exempt under Rule 16b-3(e).

At what price were Michael Gayford’s withheld CMT shares valued?

The withheld shares were valued at $19.40 per share. This price was used in multiple tax-withholding disposition entries on March 27, 2026, reflecting the value applied to the restricted stock withheld to satisfy Michael Gayford’s tax obligations.

How many CMT shares does Michael Gayford hold after the tax-withholding events?

After the tax-withholding dispositions, Michael Gayford directly holds 19,503 shares of CORE MOLDING TECHNOLOGIES INC common stock. This post-transaction balance reflects his remaining ownership following the withholding of shares for tax obligations on vested restricted stock.

What does Rule 16b-3(e) exemption mean for Michael Gayford’s CMT transactions?

Rule 16b-3(e) exemption means the deemed disposition of withheld shares is treated as exempt under specific SEC insider transaction rules. In this case, CMT withheld restricted stock from Michael Gayford solely to satisfy tax obligations when those restricted shares vested.