Jeffrey J. Watorek - Feb 20, 2024 Form 4 Insider Report for GIBRALTAR INDUSTRIES, INC. (ROCK)

Role
VP and Treasurer
Signature
/s/ Lori A. Rizzo, Attorney-in-Fact for Jeffrey J. Watorek
Stock symbol
ROCK
Transactions as of
Feb 20, 2024
Transactions value $
$0
Form type
4
Date filed
2/21/2024, 03:51 PM
Previous filing
Jan 2, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROCK Common Stock Award $0 +5.78K +49.75% $0.00 17.4K Feb 20, 2024 Direct F1
holding ROCK Common Stock (401k) 334 Feb 20, 2024 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) 711 Feb 20, 2024 Common Stock 711 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares represent Performance Stock Units issued under the Registrant's 2018 Equity Incentive Plan (which was amended and restated in 2023) that have been granted to the Reporting Person based upon satisfaction of the performance criteria. The shares vest on March 1, 2026.
F2 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.
F3 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.