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Gibraltar Industries insider just declared owning 1,322 shares of Gibraltar Industries

Sharon M Brady, an insider of Gibraltar Industries, has just filed an initial statement of beneficial ownership where 1,322 shares of Gibraltar Industries were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Brady. Brady operates out of Buffalo, NY. Some additional info was provided as follows:

Represents restricted stock units allocated to the Reporting Person after 2012 with respect to the Reporting Person's deferral of a portion of her annual director retainer fee. 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, be ginning six (6) months following termination of service as a director 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 determined as of the day prior to the date the Reporting Person's service as a director of the Company is terminated. Restricted stock units are forfeited if Reporting Person's service as a director of the Company is terminated prior to age sixty (60). If service as a director 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 determined as of the day prior to the date the Reporting Person's service as a director of the Company is terminated.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Gibraltar Industries insider just declared owning 1,322 shares of Gibraltar Industries - April 20, 2016
Gibraltar Industries insider just declared owning 3,465 shares of Gibraltar Industries - April 20, 2016
Gibraltar Industries insider just declared owning 6,039 shares of Gibraltar Industries - April 20, 2016