MEDINA, Ohio, Oct 04, 2010 /PRNewswire via COMTEX/ --
RPM International Inc. (NYSE: RPM) announced today that its executive officers are filing Form 4s this week to report transactions related to the vesting of restricted stock previously granted under the company's 2004 Omnibus Equity and Incentive Plan. With respect to the vested stock, the 2004 Plan requires the mandatory withholding of that portion of the stock needed to pay the minimum federal, state and local income tax obligations of these officers. In addition, an executive officer is filing a Form 4 to report the cash settlement of a deferred compensation arrangement pursuant to a prior election.
RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Universal Sealants and Euco. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors. Additional details are available at www.rpminc.com.
For more information, contact Robert L. Matejka, senior vice president and chief financial officer, at 330-273-5090 or email@example.com.
SOURCE RPM International Inc.