Eric Palomaki - May 10, 2023 Form 4 Insider Report for CORE MOLDING TECHNOLOGIES INC (CMT)

Role
EVP,Operations
Signature
/s/ John P. Zimmer, as attorney-in-fact
Stock symbol
CMT
Transactions as of
May 10, 2023
Transactions value $
$26,842
Form type
4
Date filed
5/12/2023, 10:40 AM
Previous filing
Mar 14, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMT Common Stock Options Exercise $241K +11.9K +7.85% $20.34 163K May 10, 2023 Direct
transaction CMT Common Stock Tax liability -$112K -5.5K -3.37% $20.34 157K May 10, 2023 Direct F1
transaction CMT Common Stock Sale -$103K -5K -3.18% $20.50 152K May 11, 2023 Direct

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
transaction CMT Stock Appreciation Right Options Exercise $0 -23.3K -100% $0.00* 0 May 10, 2023 Common Stock 23.3K $10.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eric Palomaki is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock withheld to satisfy the executive's tax withholding obligation upon vesting of restricted stock. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
F2 Granted as Stock Appreciation Rights (SARs) under the 2006 Long-Term Equity Incentive Plan. The SARs vest and become exercisable 1/3 on the first anniversary of the date of grant, 2/3 on the second anniversary of the date of grant, and 100% on the third anniversary of the date of grant.