12/05/2025 | Press release | Distributed by Public on 12/05/2025 11:22
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Share Units | (1) | (1) | Class A Common Stock | 7,500 | $0 | D | |
| Restricted Share Units | (1) | (1) | Class A Common Stock | 10,000 | $0 | D | |
| Restricted Share Units | (1) | (1) | Class A Common Stock | 39,360 | $0 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Stopar Daniel E TWO NORTH SHORE CENTER PITTSBURGH, PA 15212 |
CFO and Treasurer | |||
| /s/ Brian D. Walters (Attorney-in-Fact) | 12/05/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | In general, a portion of these restricted share units vest three years from grant date; a portion of these restricted share units vest at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and a portion of these restricted share units vest at target based upon stock price appreciation thresholds for the Company's common stock. Vesting of all units are generally subject to continuing employment for three years after grant date. Upon vesting, time-based units will be converted to an equal number of shares of the Company's common stock; performance based units will be converted to the Company's common stock using a factor ranging from 50% to 200% based upon the level of achievement of the performance thresholds related to the above targets. Performance related units that do not achieve the ROIC or stock price appreciation thresholds will be forfeited on the third anniversary of the grant. |
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Remarks: The Power of Attorney dated September 4, 2025 is filed herewith. |
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