Form 4: Beacon Roofing Supply Executive Jonathan Bennett Reports Stock Transactions

Jonathan Bennett, President of the North Division at Beacon Roofing Supply, reports the acquisition and disposal of common stock and restricted stock units on March 10, 2025.

Summary

• On March 10, 2025, Jonathan Bennett, President of the North Division at Beacon Roofing Supply Inc., reported transactions involving the company's common stock.
• Bennett acquired 2,755 shares of common stock upon settlement of restricted stock units (RSUs).
• He also acquired 5,180 shares of common stock upon settlement of restricted stock units on satisfaction of performance criteria.
• Concurrent with these acquisitions, Bennett disposed of 1,158 shares and 1,725 shares to cover tax obligations at a price of $118.52 per share.
• Following these transactions, Bennett directly owns 19,909 shares of Beacon Roofing Supply Inc.
• The restricted stock units (RSUs) were granted on March 10, 2022, and vested and settled on the third anniversary of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to compensation.

Positives

• The vesting of restricted stock units indicates that performance criteria were met, which could be viewed positively.

Negatives

• The disposal of shares to cover tax obligations could be interpreted as a slight negative, although it's a common practice.

Industry Context

Executive stock transactions are a normal part of corporate governance and are routinely monitored by investors for insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates