MEDINA, Ohio, Nov. 2, 2011 /PRNewswire via COMTEX/ --
RPM International Inc. (NYSE: RPM) announced that restricted stock, previously received by the outside directors of the company, vested on October 31, 2011. The terms of the company's 2003 Restricted Stock Plan for Directors require 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 will be filed today to report the withholding of the stock as a disposition to the company to pay tax obligations.
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, Fibergrate and Euco. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement 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 firstname.lastname@example.org.
SOURCE RPM International Inc.