RPM Announces Restricted Stock Plan Vesting
MEDINA, Ohio, Oct. 31-- RPM International Inc.(NYSE: RPM) announced today that shares of restricted stock received by the outside directors of the company in 2003 vested today. In accordance with the terms of the Restricted Stock Plan for Directors, which requires the mandatory disposition of that portion of the stock needed to pay the minimum federal, state and local income tax obligations of these directors, the company will acquire such stock from these directors. RPM estimates that the total number of shares being acquired by the company will approximate 4,000.
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
Glenn R. Hasman,
vice president - finance and communications,
at 330-273-8820
or ghasman@rpminc.com.
