Form 4: Beacon Roofing Supply Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
James J. Gosa, President of North/Canada Division at Beacon Roofing Supply, exercised restricted stock units and disposed of shares to cover tax obligations.
Summary
- On June 3, 2024, James J. Gosa, President of the North/Canada Division at Beacon Roofing Supply Inc., exercised restricted stock units (RSUs) and disposed of shares.
- Gosa exercised 1,396 RSUs, which converted into an equal number of common stock shares.
- Following the transaction, Gosa directly owns 19,808 shares of common stock.
- Additionally, 424 shares were disposed of at a price of $97.12 to satisfy tax obligations.
- After the disposal, Gosa directly owns 19,384 shares of common stock.
- Gosa also holds 6,982 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
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.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a relatively small number of shares.
- The disposal of shares to cover tax obligations is a standard practice and does not indicate any change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Start date for performance periods related to restricted stock units. |
| 03/31/2024 | End date for one of the performance periods related to restricted stock units. |
| 06/03/2024 | Date of transaction: exercise of RSUs and disposal of shares. |
| 06/05/2024 | Date of signature for the Form 4 filing. |
| 03/31/2025 | End date for one of the performance periods related to restricted stock units. |
| 03/31/2026 | End date for two of the performance periods related to restricted stock units and vesting date for remaining shares. |
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