Form 4: Beacon Roofing Supply EVP Exercises Stock Options and Disposes of Shares
SEC Form 4
James J. Gosa, EVP & CCO of Beacon Roofing Supply, exercised stock options and disposed of shares to cover tax obligations.
Summary
- On January 30, 2025, James J. Gosa, the EVP & CCO of Beacon Roofing Supply Inc. (BECN), exercised restricted stock units (RSUs) and disposed of shares to cover tax obligations.
- Gosa exercised 1,396 RSUs, which converted into common stock.
- He also disposed of 484 shares to satisfy tax withholding obligations at a price of $119.14 per share.
- Following these transactions, Gosa directly owns 10,670 shares of Beacon Roofing Supply Inc.
- The exercised RSUs were related to performance periods with stock price targets, the last of which ($107.50) was met on the transaction date.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and doesn't necessarily indicate a positive or negative outlook for the company.
Future Outlook
The remaining half of the shares subject to the $107.50 performance period stock price target will vest on 3/31/2026.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's performance and future prospects. This transaction is a routine part of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
- Employees participating in the Employee Stock Purchase Plan may be interested in the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Start date for performance periods related to the Restricted Stock Units (RSUs). |
| 03/31/2024 | End date for the first performance period related to the Restricted Stock Units (RSUs). |
| 03/31/2025 | End date for the second performance period related to the Restricted Stock Units (RSUs). |
| 01/30/2025 | Date of transaction: Exercise of RSUs and disposal of shares. |
| 03/31/2026 | Vesting date for the remaining half of the shares subject to the performance period stock price target of $107.50. |
| 02/03/2025 | Date of signature for the Form 4 filing. |
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