0001127602-21-009074.txt : 20210303 0001127602-21-009074.hdr.sgml : 20210303 20210303150925 ACCESSION NUMBER: 0001127602-21-009074 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210301 FILED AS OF DATE: 20210303 DATE AS OF CHANGE: 20210303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Watorek Jeffrey J. CENTRAL INDEX KEY: 0001702879 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22462 FILM NUMBER: 21708621 MAIL ADDRESS: STREET 1: 3556 LAKESHORE ROAD CITY: BLASDELL STATE: NY ZIP: 14219 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GIBRALTAR INDUSTRIES, INC. CENTRAL INDEX KEY: 0000912562 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310] IRS NUMBER: 161445150 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3556 LAKE SHORE ROAD STREET 2: P O BOX 2028 CITY: BUFFALO STATE: NY ZIP: 14219-0228 BUSINESS PHONE: 7168266500 MAIL ADDRESS: STREET 1: GATEWAY EXECUTIVE PARK STREET 2: 3556 LAKE SHORE ROAD PO BOX 2028 CITY: BUFFALO STATE: NY ZIP: 14219-0228 FORMER COMPANY: FORMER CONFORMED NAME: GIBRALTAR STEEL CORP DATE OF NAME CHANGE: 19930924 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2021-03-01 0000912562 GIBRALTAR INDUSTRIES, INC. ROCK 0001702879 Watorek Jeffrey J. 3556 LAKE SHORE ROAD P.O. BOX 2028 BUFFALO NY 14219-0228 1 VP, Treasurer, Secretary Performance Stock Unit (March 2021) 2021-03-01 4 A 0 1642 0 A 1642 D Restricted Stock Unit (LTIP 3/1/2021) 2021-03-01 4 A 0 274 0 A 274 D Discretionary RSU (March 2021) 2021-03-01 4 A 0 460 0 A 460 D Common Stock 2021-03-01 4 A 0 3608 0 A 9772 D Common Stock 2021-03-01 4 F 0 1574 88.06 D 8198 D Performance Stock Units (March 2018) 2021-03-01 4 D 0 3608 0 D 0 D Common Stock 2021-03-01 4 A 0 158 0 A 8356 D Common Stock 2021-03-01 4 F 0 67 88.06 D 8289 D Restricted Stock Units (LTIP 3/1/2018) 2021-03-01 4 D 0 158 0 D 158 D Common Stock 2021-03-01 4 A 0 135 0 A 8424 D Common Stock 2021-03-01 4 F 0 57 88.06 D 8367 D Restricted Stock Unit (LTIP 3/1/2019) 2021-03-01 4 D 0 135 0 D 272 D Common Stock 2021-03-02 4 A 0 111 0 A 8478 D Common Stock 2021-03-02 4 F 0 47 84.10 D 8431 D Restricted Stock Unit (LTIP 3/2/2020) 2021-03-02 4 D 0 111 0 D 333 D Common Stock (401k) 333.905 I 401k Performance Stock Unit (March 2019) 3775 D Performance Stock Unit (March 2020) 2914 D RSU (LTIP 4/3/2017) 127 D Restricted Stock Unit (2018 MSPP Match) Common Stock 138.45 138.45 D 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. Represents restricted stock units awarded as part of the Company's Long Term Incentive Plan. Twenty-five percent (25%) of the total units awarded vest and are payable solely in shares of common stock of the Company, on March 1st, 2022 and on each March 1st thereafter through March 1st, 2025. Represents Discretionary Restricted Stock Units awarded to Reporting Person. Discretionary Restricted Stock Units vest and are payable, solely in shares of common stock of the Company, at the end of three (3) consecutive calendar year periods beginning on March 1st, 2021 ending on March 1st, 2024 or, if earlier, upon death or disability. Restricted Stock Units are forfeited if employment is terminated before March 1st, 2024, for reasons other than death or disability. Represents the conversion of performance stock units to shares of common stock upon vesting. Represents common stock retained by the Company upon conversion of Reporting Person's performance stock units into shares of common stock in satisfaction of Reporting Person's individual minimum statutory withholding obligation. Represents Performance Units which were distributed to the Reporting Person under the Company 's Equity Incentive Plan upon achievement of the targeted return on invested capital for 2018. 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. Represents the conversion of restricted stock units awarded as part of the Company 's Long Term Incentive Plan into common stock upon vesting. Represents common stock retained by the Company upon conversion of Reporting Person's restricted stock units into shares of common stock in satisfaction of the Reporting Person's individual minimum statutory withholding obligation. Represents restricted stock units awarded as part of the Company 's Long Term Incentive Plan. Twenty-five percent (25%) of the total units awarded vest and are payable, solely in shares of common stock of the Company, on March 1, 2019 and on each March 1st thereafter through March 1, 2022. Represents restricted stock units awarded as part of the Company 's Long Term Incentive Plan. Twenty-five percent (25%) of the total units awarded vest and are payable, solely in shares of common stock of the Company, on March 1st, 2020 and on each March 1st thereafter through March 1st, 2023. Represents restricted stock units awarded as part of the Company's Long Term Incentive Plan. Twenty-five percent (25%) of the total units awarded vest and are payable solely in shares of common stock of the Company, on March 2nd, 2021 and on each March 2nd thereafter through March 2nd, 2024. Represents matching restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of their annual cash incentive compensation pursuant to the Company's 2018 Management Stock Purchase Plan. 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. /s/ Lori A. Rizzo, Attorney-in-Fact for Jeffrey J. Watorek 2021-03-03