Ronald J. Kramer - Feb 4, 2025 Form 4 Insider Report for GRIFFON CORP (GFF)

Signature
/s/ Seth L. Kaplan, as attorney-in-fact
Stock symbol
GFF
Transactions as of
Feb 4, 2025
Transactions value $
-$29,103,490
Form type
4
Date filed
2/6/2025, 05:50 PM
Previous filing
Dec 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GFF Common Stock Award $0 +108K +5.82% $0.00 1.96M Feb 4, 2025 Direct F1
transaction GFF Common Stock Award $0 +303K +15.41% $0.00 2.27M Feb 4, 2025 Direct F2
transaction GFF Common Stock Tax liability -$29.1M -378K -16.68% $76.95 1.89M Feb 4, 2025 Direct F3
holding GFF Common Stock 5.24K Feb 4, 2025 By ESOP F4
holding GFF Common Stock 40.3K Feb 4, 2025 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a portion of the restricted shares granted to the reporting person on January 27, 2021 under the Company's 2016 Equity Incentive Plan in a transaction exempt under Rule 16b. Such restricted shares were subject to both a service period (time-based vesting) and the attainment of specified performance criteria (performance-based vesting) related to the Company's stock price and the total shareholder return of the Company's stock relative to a market index. It was previously certified that the performance criteria was achieved to a certain extent and the shares related to such certification were reported on a Form 4 filed on July 29, 2021. Following the end of the performance period, on February 4, 2025, it was certified that the performance criteria was achieved with respect to an additional 108,000 shares.
F2 Restricted shares granted under the Company's 2016 Equity Incentive Plan in transactions exempt under Rule 16b. Vesting of the restricted shares was partially dependent on the attainment of specified financial performance criteria; on February 4, 2025, the extent to which such financial performance criteria was attained was certified.
F3 Shares withheld by or delivered to the registrant upon vesting of restricted stock to satisfy tax withholding obligations of the reporting person.
F4 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.