Form 4: Beacon Roofing Supply Executive Jason Taylor Reports Stock Transactions
SEC Form 4 Filing
Jason Taylor, President of the West Division at Beacon Roofing Supply, reported the vesting of restricted stock units and subsequent tax withholding.
Summary
- On June 3, 2024, Jason Taylor, President of the West Division at Beacon Roofing Supply Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- 1,396 restricted stock units vested because a performance target of $95.00 was met.
- Taylor disposed of 340 shares to cover tax obligations at a price of $97.12 per share.
- Following these transactions, Taylor directly owns 11,587 shares of Beacon Roofing Supply Inc. common stock and 6,982 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine occurrence. There is no indication of positive or negative implications for the company's performance.
Future Outlook
The remaining restricted stock units are subject to a performance period ending on 3/31/2026, with a stock price target of $107.50.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Start date for performance periods related to restricted stock units. |
| 03/31/2024 | End date for the first performance period related to restricted stock units. |
| 06/03/2024 | Date of the reported transactions: vesting of RSUs and disposal of shares for tax obligations. |
| 06/05/2024 | Date of signature for the Form 4 filing. |
| 03/31/2025 | End date for the second performance period related to restricted stock units. |
| 03/31/2026 | End date for the third and fourth performance periods related to restricted stock units; also, the vesting date for remaining shares subject to performance periods. |
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.