X0306 4 2017-02-01 false 0000912562 GIBRALTAR INDUSTRIES, INC. ROCK 0001608587 Heard Frank 3556 LAKE SHORE ROAD P.O. BOX 2028 BUFFALO NY 14219-0228 true true false false President and CEO Common Stock 2017-02-01 4 A false 4772.00 0.00 A 26125.00 D Common Stock 2017-02-01 4 F false 2461.00 43.05 D 23664.00 D Performance Stock Unit (February 2017) 2017-02-01 4 A false 29733.00 0.00 A 29733.00 D Restricted Stock Unit (LTIP 02/01/2016) 2017-02-01 4 D false 4772.00 43.05 D 14318.00 D Restricted Stock Unit (LTIP 02/01/2017) 2017-02-01 4 A false 16725.00 0.00 A 16725.00 D Restricted Stock Units (February 2017) 2017-02-01 4 A false 20000.00 0.00 A 20000.00 D Special Performance Stock Unit (February 2017) 2017-02-01 4 A false 20000.00 0.00 A 20000.00 D Performance Stock Unit (December 2015) 50000.00 D Restricted Stock Unit (LTIP 01/02/2015) 9593.00 D Restricted Stock Unit (LTIP 06/11/2014) 8339.00 D Restricted Stock Unit (LTIP 12/29/2014) 30000.00 D Restricted Stock Units (December 2015) 25000.00 D Option (February 2017) 43.05 2017-02-01 4 A false 20000.00 0.00 A 2020-02-01 2027-02-01 Common Stock 20000.00 20000.00 D Option (December 2015) 25.44 2018-12-31 2025-12-31 Common Stock 25000.00 25000.00 D Performance Units (2016) Common Stock 27964.00 27964.00 D Performance Units 2015 Common Stock 68826.00 68826.00 D Restricted Stock Unit (MSPP Match Post-2012) Common Stock 49111.16 49111.16 D Restricted Stock Unit (MSPP Post-2012) Common Stock 70439.18 70439.18 D Represents the conversion of restricted stock units to shares of common stock upon vesting of 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 each anniversary of the February 1, 2016 award date. 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 Performance Units which will be awarded to the Reporting Person under the Company 's Equity Incentive Plan upon achievement of the targeted return on invested capital for 2017. 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 February 1, 2017 and on each February 1st thereafter through February 1st, 2020. Represents restricted stock units awarded on February 1, 2017 as part of the Company 's Long Term Incentive Plan. Twenty-five (25%) of the total units awarded vest and are payable, solely in shares of the Company on each anniversary of the February 1, 2017 award date. Represents Restricted Stock Units issued to Reporting Person. Restricted Stock Units are converted to shares of common stock of the Registrant provided that the Reporting Person is employed by the Registrant at the end of the three (3) year vesting period beginning February 1, 2017 and ending January 31, 2020. Represents Performance Stock Units issued to Reporting Person. Performance Stock Units are converted to shares of common stock of the Registrant provided that the Reporting Person is employed by the Registrant at the end of the three (3) year performance period beginning February 1, 2017 and ending January 31, 2020. The number of shares into which the Performance Stock Units are converted, if any, is dependent upon achievement of a specified total shareholder return for the performance period and may not exceed 30,000 shares. Options granted to Reporting Person provides Reporting Person the right to purchase up to 20,000 shares of common stock of the Registrant at the exercise price. The Reporting Person's right to purchase shares of common stock of the Registrant pursuant to the option is forfeited if the Reporting Person's employment with the Registrant is terminated for any reason other than death or disability prior to January 31, 2020. Performance Units vest and are paid at the end of the three (3) consecutive calendar year periods ending December 31, 2018 or, if earlier, upon death, disability or retirement. Performance Units are forfeited if employment is terminated before December 31, 2018 for reasons other than death, disability or retirement or by the Company without cause. Performance Units are payable solely in cash in an amount equal to the ninety (90) day trailing average price of one (1) share of the Company 's common stock determined as of December 31, 2018, or if applicable, as of the Reporting Person's death, disability or retirement. Performance Units vest and are paid at the end of three (3) consecutive calendar year periods ending December 31, 2017 or, if earlier, upon death, disability or retirement. Performance Units are forfeited if employment is terminated before December 31, 2017 for reasons other than death, disability or retirement or by the Company without cause. Performance Units are payable solely in cash in an amount equal to the ninety (90) day trailing average price of one (1) share of the Company 's common stock determined as of December 31, 2017, or if applicable, death, disability or retirement. 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. 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. /s/ Paul J. Schulz, Attorney in Fact for Frank Heard 2017-02-03