Form 4: Beacon Roofing Supply Executive Best Clement Munroe III Reports Stock Transactions
SEC Form 4 Filing
Best Clement Munroe III, a President at Beacon Roofing Supply, reports acquisition and disposal of company stock and restricted stock units on March 10, 2025.
Summary
- On March 10, 2025, Best Clement Munroe III, President of the South Division at Beacon Roofing Supply Inc., reported transactions involving the company's common stock.
- Munroe acquired 2,119 shares of common stock upon settlement of restricted stock units (RSUs) and an additional 3,985 shares upon settlement of performance-based restricted stock units.
- He also disposed of 609 shares and 1,144 shares to cover tax obligations at a price of $118.52 per share.
- Following these transactions, Munroe directly owns 74,878 shares of Beacon Roofing Supply Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transactions are routine and related to executive compensation. There's no indication of significant positive or negative sentiment.
Positives
- The acquisition of shares through RSU settlement indicates confidence in the company's future performance.
Negatives
- The disposal of shares to cover tax obligations could be perceived as a minor negative, although it's a common practice.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Reporting individual was granted restricted stock units which vested and settled on the third anniversary of the grant date. |
| 03/10/2025 | Date of earliest transaction: acquisition and disposal of shares and RSUs. |
| 03/12/2025 | Date of signature on the Form 4 filing. |
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