Form 4: Beacon Roofing Supply EVP & General Counsel Receives Stock Options and Restricted Stock Units

Christine Stroh Reddy, EVP & General Counsel of Beacon Roofing Supply, was granted stock options and restricted stock units on March 6, 2024.

Summary

• On March 6, 2024, Christine Stroh Reddy, the EVP & General Counsel of Beacon Roofing Supply Inc., received stock options and restricted stock units (RSUs).
• She acquired 3,109 stock options with an exercise price of $84.90, which vest in three equal annual installments starting on the first anniversary of the grant date and expire on March 6, 2034.
• Reddy also acquired 1,472 restricted stock units, each representing a contingent right to receive one share of BECN common stock, which are scheduled to vest on the third anniversary of the grant date.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This is a standard practice for compensating and incentivizing executives in publicly traded companies. Stock options and RSUs align the executive's interests with those of the shareholders.

Stakeholder Impact

• The grant of stock options and RSUs incentivizes the executive to improve company performance, which benefits shareholders.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates