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