Timothy F. Murphy - Feb 22, 2022 Form 4 Insider Report for GIBRALTAR INDUSTRIES, INC. (ROCK)

Role
Senior VP and CFO
Signature
/s/ Jeffrey J. Watorek, Attorney-in-Fact for Timothy F. Murphy
Stock symbol
ROCK
Transactions as of
Feb 22, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 01:02 PM
Previous filing
Jan 3, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROCK Performance Stock Unit (March 2021) Disposed to Issuer $0 -5.11K -100% $0.00* 0 Feb 22, 2022 Direct F1, F2
holding ROCK Common Stock 29.6K Feb 22, 2022 Direct
holding ROCK Executive Retirement RSU 17K Feb 22, 2022 Direct
holding ROCK Performance Stock Unit (March 2019) 11.7K Feb 22, 2022 Direct
holding ROCK Performance Stock Unit (March 2020) 9K Feb 22, 2022 Direct
holding ROCK Restricted Stock Unit (LTIP 3/1/2018) 1.32K Feb 22, 2022 Direct
holding ROCK Restricted Stock Unit (LTIP 3/1/2019) 2.28K Feb 22, 2022 Direct
holding ROCK Restricted Stock Unit (LTIP 3/1/2021) 2.3K Feb 22, 2022 Direct
holding ROCK Restricted Stock Unit (LTIP 3/2/2020) 2.78K Feb 22, 2022 Direct
holding ROCK Special Performance Stock Unit (March 2020) 9K Feb 22, 2022 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
holding ROCK Option (April 2017) 5K Feb 22, 2022 Common Stock 5K $39.55 Direct F3
holding ROCK Restricted Stock Unit (2018 MSPP Match) 7.57K Feb 22, 2022 Common Stock 7.57K Direct F4, F5
holding ROCK Restricted Stock Unit (2018 MSPP) 14.6K Feb 22, 2022 Common Stock 14.6K Direct F6, F7
holding ROCK Restricted Stock Unit (MSPP Match Post-2012) 17.7K Feb 22, 2022 Common Stock 17.7K Direct F8, F9
holding ROCK Restricted Stock Unit (MSPP Match) 3.21K Feb 22, 2022 Common Stock 3.21K Direct F10, F11
holding ROCK Restricted Stock Unit (MSPP Post-2012) 26.1K Feb 22, 2022 Common Stock 26.1K Direct F12, F13
holding ROCK Restricted Stock Unit (MSPP) 8.06K Feb 22, 2022 Common Stock 8.06K Direct F14, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance units which will be awarded to Reporting Person under the Company's Equity Incentive Plan upon achievement of the targeted return on invested capital for 2021. The maximum number of Performance Units which may be earned is two hundred percent (200%) of the Performance Units awarded for target level performance and the minimum number of Performance Units which may be earned is zero (0) Performance Units.
F2 Represents a decrease of the targeted number of Performance Units awarded to the Reporting Person on March 1, 2021 under the Company's 2018 Equity Incentive Plan as a result of the Company's achievement of a return on invested capital below the targeted return on invested capital for 2021. The Compensation Committee has reviewed and confirmed the Company's calculation of Return on Invested Capital for 2021 as compared to target and approved the resulting decrease in the number of Performance Units.
F3 Options granted to Reporting Person which provide the Reporting Person with the right to purchase up to 5,000 shares of common stock of the Registrant at the exercise price.
F4 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.
F5 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.
F6 Represents 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.
F7 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.
F8 Represents matching restricted stock units allocated to the Reporting Person after 2012 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 Management Stock Purchase Plan.
F9 Restricted stock units are forfeited if Reporting Person's service as an officer of the Company is terminated prior to age sixty (60). If service as an officer continues through age sixty (60), 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 (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as an officer of the Company.
F10 Represents matching restricted stock units allocated to the Reporting Person prior to 2013 pursuant to the Company's Management Stock Purchase Plan equal in number to restricted stock units allocated to reflect the Reporting Person's deferral of a portion of his annual incentive compensation award.
F11 Restricted stock units are forfeited if employment is terminated prior to age sixty (60). If employment continues through age sixty (60), restricted stock units are payable solely in cash in five (5) consecutive substantially equal annual installments beginning six (6) months following termination of employment. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date the Reporting Person's employment is terminated.
F12 Represents restricted stock units allocated to the Reporting Person after 2012 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 Management Stock Purchase Plan.
F13 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 as an officer of the Company. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as an officer of the Company.
F14 Represents restricted stock units allocated to Reporting Person prior to 2013 pursuant to the Company's Management Stock Purchase Plan reflecting deferred annual incentive compensation awards.
F15 Restricted stock units are payable solely in cash in five (5) consecutive, substantially equal annual installments beginning the first January 1 occurring six (6) months following termination of employment. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date the Reporting Person's employment is terminated.