GRAHAM CORP — Director's Dealing 2023

May 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAHAM CORP (GHM)
CIK: 0000716314
Period of Report: 2023-05-17

Reporting Person: Smith Alan E (VP & General Manager - Batavia)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-17	Restricted Stock Units	$0	A	7123	Acquired		Common Stock (7123)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	57999	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock (9158)	9158	Direct
Restricted Stock Units	$0		Common Stock (18315)	18315	Direct

Footnotes

F1: These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the 2020 Graham Corporation Equity Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest one-third on each of 5/17/2024, 5/17/2025 and 5/17/2026.

F2: These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of 5/23/2023, 5/23/2024 and 5/23/2025, except as otherwise provided in the award notice.

F3: These restricted stock units, which convert into common stock on a one-for-one basis, vest on 5/23/2025, the third anniversary of the grant date, except as otherwise provided in the award notice.