MEDINA, Ohio, Oct. 31 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today that its executive officers filed Form 4s to
report transactions related to the vesting of restricted stock previously
granted to such officers under the company's 2004 Omnibus Equity and Incentive
Plan. 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 with respect to the vested stock. Accordingly,
the Form 4s filed today report the withholding of such stock as a disposition
of the stock to the company to pay tax obligations.
The company also announced today that restricted stock previously received
by the outside directors of the company vested today. 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 2, 2007, will report the withholding of such stock as a
disposition of the stock to the company to pay tax obligations.
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings and sealants 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, Day-Glo, Euco
and Dryvit. RPM's consumer products are used by professionals and do-it-
yourselfers for home maintenance and improvement, automotive and boat repair
and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-
Oleum, DAP, Varathane, Bondo and Testors.
For more information, contact P. Kelly Tompkins, executive vice president
and chief administrative officer, at 330-273-5090 or firstname.lastname@example.org.
SOURCE RPM International Inc.
CONTACT: P. Kelly Tompkins, executive vice president and chief
administrative officer of RPM International Inc., 1-330-273-5090,
Web site: http://www.rpminc.com
RPM International Inc. (NYSE: RPM) owns subsidiaries that are world leaders in coatings, sealants, building materials and related services. From homes to precious landmarks worldwide, their brands are trusted by consumers and professionals alike to protect, improve and beautify. Among its leading consumer brands are Rust-Oleum, DAP and Zinsser. Learn more about RPM brands >>
RPM is a compelling long-term investment.
The percent by which RPM's 10-year total return has bested the S&P 500. More reasons >>
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