Form 4: Beacon Roofing Supply Executive Exercises Options and Sells Shares
SEC Form 4
Jonathan Stuart Bennett, President of the North Division at Beacon Roofing Supply, exercised stock options and sold shares on April 7, 2025.
Summary
- On April 7, 2025, Jonathan Stuart Bennett, President of the North Division at Beacon Roofing Supply, exercised stock options to acquire shares of common stock.
- He exercised options with strike prices of $58.98, $65, and $84.90, acquiring 6,134, 3,531, and 1,555 shares respectively.
- Following the exercise of these options, Bennett sold 8,487 shares at a weighted average price of $122.14.
- After these transactions, Bennett directly owns 22,642 shares of Beacon Roofing Supply common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock option exercises and sales. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend in the building materials or roofing supply industry. However, monitoring insider activity can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/10/2023 | First vesting date of stock options exercisable at $58.98 |
| 03/01/2024 | First vesting date of stock options exercisable at $65 |
| 03/06/2025 | First vesting date of stock options exercisable at $84.90 |
| 04/07/2025 | Date of transaction: exercise of stock options and sale of shares |
| 04/09/2025 | Date of Form 4 filing |
| 03/10/2032 | Expiration date of stock options exercisable at $58.98 |
| 03/01/2033 | Expiration date of stock options exercisable at $65 |
| 03/06/2034 | Expiration date of stock options exercisable at $84.90 |
Keywords
Form 4, stock options, insider trading, BECN, Beacon Roofing Supply, Jonathan Stuart Bennett
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