Robert F. Mehmel - Jan 29, 2024 Form 4 Insider Report for GRIFFON CORP (GFF)

Signature
/s/ Seth L. Kaplan, as attorney-in-fact
Stock symbol
GFF
Transactions as of
Jan 29, 2024
Transactions value $
-$3,959,959
Form type
4
Date filed
1/31/2024, 04:19 PM
Previous filing
Dec 19, 2023
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GFF Common Stock Award $0 +45K +5.4% $0.00 878K Jan 29, 2024 Direct F1
transaction GFF Common Stock Tax liability -$3.96M -64.9K -7.4% $60.99 813K Jan 30, 2024 Direct F2
holding GFF Common Stock 3.97K Jan 29, 2024 by ESOP
* 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 January 30, 2020 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 September 28, 2022. Following the end of the performance period, on January 29, 2024, it was certified that the performance criteria was achieved with respect to an additional 45,000 shares.
F2 Shares withheld by or delivered to the registrant upon vesting of restricted stock to satisfy tax withholding obligations of the reporting person.