BECN.Beacon Roofing Supply INC

Form 4: Beacon Roofing Supply EVP & CTO Exercises Stock Options and Sells Shares

Sentiment:

SEC Form 4 Filing

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Christopher Nelson, EVP & CTO of Beacon Roofing Supply, exercised stock options and sold shares on August 2, 2024, according to a Form 4 filing.

Summary

  • Christopher Nelson, the EVP & CTO of Beacon Roofing Supply Inc., executed transactions involving the company's stock on August 2, 2024.
  • Nelson exercised stock options to acquire 1,627 shares of common stock at an exercise price of $35.78 per share.
  • Simultaneously, Nelson sold 1,627 shares at a price of $85 per share.
  • Following these transactions, Nelson directly owns 320 shares and indirectly owns 16,054 shares through the Nelson Revocable Trust.
  • The initial stock options were granted on November 12, 2021, and were scheduled to vest in three equal annual installments.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, neither inherently positive nor negative.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

  • The transaction provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

DateDescription
11/12/2021Date the stock options were granted and scheduled to vest in three equal annual installments.
12/08/2023Date of adoption of the Rule 10b5-1(c) plan.
08/02/2024Date of the stock option exercise and sale of shares.
08/06/2024Date of signature on the Form 4.

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