Form 4: Beacon Roofing Supply EVP Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Sean M. McDevitt, EVP & CHRO of Beacon Roofing Supply, exercised stock options and disposed of shares to cover tax obligations on May 11, 2024.
Summary
- On May 11, 2024, Sean M. McDevitt, the EVP & CHRO of Beacon Roofing Supply Inc., exercised restricted stock units (RSUs) converting into 848 shares of common stock.
- Simultaneously, McDevitt disposed of 256 shares of common stock at a price of $92.95 to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, McDevitt directly owns 2,276 shares of Beacon Roofing Supply Inc.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation practices and doesn't indicate any unusual or concerning activity. It's a neutral disclosure.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 05/11/2021 | Date the reporting individual was granted restricted stock units which vested and settled on the third anniversary of the grant date. |
| 05/11/2024 | Date of transaction: Sean M. McDevitt exercised stock options and disposed of shares for tax obligations. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.