Ronald J. Kramer - 28 Jul 2021 Form 4 Insider Report for GRIFFON CORP (GFF)

Signature
/s/ Seth L. Kaplan, as attorney-in-fact
Issuer symbol
GFF
Transactions as of
28 Jul 2021
Net transactions value
$0
Form type
4
Filing time
29 Jul 2021, 17:00:08 UTC
Next filing
21 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GFF Common Stock Gift $0 -2,000 -0.09% $0.000000 2,127,924 28 Jun 2021 Direct
transaction GFF Common Stock Award $0 +288,000 +14% $0.000000 2,415,924 28 Jul 2021 Direct F1
transaction GFF Common Stock Award $0 +288,000 +12% $0.000000 2,703,924 28 Jul 2021 Direct F2
holding GFF Common Stock 2,838 28 Jul 2021 By ESOP F3
holding GFF Common Stock 40,298 28 Jul 2021 By Spouse and Children
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares granted under the Company's 2016 Equity Incentive Plan in a transaction exempt under Rule 16b. Vesting of the restricted shares is partially dependent on the attainment of specified performance criteria related to the company's stock price; on July 28, 2021, it was certified that such performance criteria was satisfied to a certain extent. Subject to the reporting person's continued employment, the restricted shares will vest on December 20, 2021.
F2 Restricted shares granted under the Company's 2016 Equity Incentive Plan in a transaction exempt under Rule 16b. Vesting of the restricted shares is partially dependent on the attainment of specified performance criteria related to the company's stock price; on July 28, 2021, it was certified that such performance criteria was satisfied to a certain extent. Subject to the reporting person's continued employment, the restricted shares will vest on January 27, 2025.
F3 Reflects ESOP allocations as a result of dividends paid on shares previously allocated to the reporting person under the ESOP.