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Article: RPM Announces Form 4 Filings.
- Article from:
- PR Newswire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEDINA, Ohio, Nov. 3 /PRNewswire-FirstCall/ -- RPM International Inc. announced that restricted stock previously received by the outside directors of the company vested on October 30, 2009. The terms of the company's 2003 Restricted Stock Plan for Directors requires the mandatory withholding of that portion of the stock needed to pay the minimum federal, state and local income tax obligations of the directors with respect to the vested stock. Accordingly, Form 4s for the directors, which must be filed no later than November 3, 2009, will be filed today to report the withholding of such stock as a disposition of the stock to the company to pay tax obligations.
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