Ronald J. Kramer - Dec 23, 2022 Form 4 Insider Report for GRIFFON CORP (GFF)

Signature
/s/ Seth L. Kaplan, as attorney-in-fact
Stock symbol
GFF
Transactions as of
Dec 23, 2022
Transactions value $
-$7,499,722
Form type
4
Date filed
12/27/2022, 03:12 PM
Previous filing
Oct 4, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GFF Common Stock Award $0 +108K +3.66% $0.00 3.06M Dec 23, 2022 Direct F1
transaction GFF Common Stock Tax liability -$7.5M -214K -7% $34.99 2.85M Dec 23, 2022 Direct F2
holding GFF Common Stock 3.98K Dec 23, 2022 By ESOP F3
holding GFF Common Stock 40.3K Dec 23, 2022 By Spouse and Children
* 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 December 20, 2018 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 May 2, 2019. Following the end of the performance period, on December 23, 2022, it was certified that the performance criteria was achieved with respect to an additional 108,000 shares.
F2 Shares withheld by or delivered to the registrant upon vesting of restricted stock to satisfy tax withholding obligations of the reporting person.
F3 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.