Director at Griffon Corp (GFF) receives 1,340-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Griffon Corp director receives restricted stock grant
Griffon Corp director Michelle L. Taylor reported an award of 1,340 shares of common stock as a restricted stock grant under the company’s 2016 Equity Incentive Plan. The grant was made at no cash cost and is classified as a direct, non-derivative acquisition.
According to the disclosure, all 1,340 restricted shares will vest on February 18, 2027, meaning they are subject to time-based vesting conditions until that date. After this grant, Taylor directly holds a total of 10,363 shares of Griffon Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Michelle L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,340 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,363 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GRIFFON CORP (GFF) director Michelle L. Taylor report?
Michelle L. Taylor reported receiving 1,340 shares of Griffon Corp common stock as a restricted stock grant. The award is a non-derivative, direct acquisition under the company’s 2016 Equity Incentive Plan and involved no purchase price per share.
Was the GRIFFON CORP (GFF) restricted stock grant to Michelle L. Taylor a purchase?
The transaction was an award, not an open-market purchase. The Form 4 lists a transaction code “A” for grant or other acquisition, with a price of 0.0000 per share, indicating the 1,340 restricted shares were granted under the 2016 Equity Incentive Plan.
What plan governs Michelle L. Taylor’s restricted stock grant from GRIFFON CORP (GFF)?
The restricted stock grant to Michelle L. Taylor was made under Griffon Corp’s 2016 Equity Incentive Plan. The footnote explains that all awarded shares are restricted stock that will vest on February 18, 2027, consistent with the plan’s vesting provisions.