Jeffrey J. Watorek - 01 Mar 2022 Form 4 Insider Report for GIBRALTAR INDUSTRIES, INC. (ROCK)

Signature
/s/ Lori A. Rizzo, Attorney-in-Fact for Jeffrey J. Watorek
Issuer symbol
ROCK
Transactions as of
01 Mar 2022
Transactions value $
-$90,663
Form type
4
Filing time
03 Mar 2022, 17:45:38
Previous filing
23 Feb 2022
Next filing
04 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROCK Common Stock Tax liability -$90.7K -1.93K -16.39% $47.00 9.84K 01 Mar 2022 Direct F1
transaction ROCK Common Stock Award $0 +797 +8.1% $0.00 10.6K 01 Mar 2022 Direct F2
holding ROCK Common Stock (401k) 334 01 Mar 2022 401k

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ROCK Restricted Stock Unit (2018 MSPP Match) 284 01 Mar 2022 Common Stock 284 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 4,049 shares subject to unvested Restricted Stock Units.
F2 The shares represent Restricted Stock Units issued under the Registrant's 2018 Equity Incentive Plan that have been granted to the Reporting Person. The shares vest in four portions: 25% on March 1, 2023, and on each March 1 thereafter through March 1, 2026. The Reporting Person was also granted Performance Stock Units, which will be reported on a subsequent Form 4 upon satisfaction of the performance criteria.
F3 Represents matching restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of their annual base salary and annual cash incentive compensation pursuant to the Company's 2018 Management Stock Purchase Plan.
F4 Restricted stock units are forfeited if Reporting Person's service as an officer of the Company is terminated prior to the fifth (5th) anniversary of the Reporting Person's vesting commencement date. If service as an officer continues beyond the fifth (5th) anniversary of the Reporting Person's vesting commencement date, restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value of one share of the Company's common stock, as defined in the Company's 2018 Management Stock Purchase Plan, on the date of termination of the Reporting Person's service as an officer of the Company.