GRAHAM CORP — Director's Dealing 2025

Jun 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAHAM CORP (GHM)
CIK: 0000716314
Period of Report: 2025-06-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-09	Common Stock	A	7693	—	Acquired	70253	Direct
2025-06-09	Common Stock	F	3619	$44.66	Disposed	66634	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock (2582)	2582	Direct
Restricted Stock Units	$0		Common Stock (2375)	2375	Direct
Restricted Stock Units	$0		Common Stock (2591)	2591	Direct

Footnotes

F1: These shares were awarded to Mr. Smith upon the vesting of performance-based restricted stock units granted to him under the 2020 Graham Corporation Equity Incentive Plan in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined performance measures over the eligible three-year period that ended on 3/31/2025.

F2: Shares withheld to cover tax withholding obligations upon the vesting of performance-based restricted stock units.

F3: These restricted stock units, which convert into common stock on a one-for-one basis, vest in substantially equal installments on each of 6/4/2026 and 6/4/2027, except as otherwise provided in the award notice.

F4: These restricted stock units, which convert into common stock on a one-for-one basis, vest on 5/17/2026, except as otherwise provided in the award notice.

F5: These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of 6/2/2026, 6/2/2027 and 6/2/2028, except as otherwise provided in the award notice.