Form 4: Builders FirstSource CEO Gifts Shares

Builders FirstSource President & CEO Peter M. Jackson reported gifting 1,755 shares of common stock to a donor-advised fund.

Summary

• Peter M. Jackson, President & CEO and Director of Builders FirstSource, Inc. (BLDR), reported a transaction involving company common stock.
• On November 5, 2025, Jackson gifted 1,755 shares of Builders FirstSource common stock.
• The transaction was executed at a price of $0 per share, consistent with a gift.
• Following this transaction, Jackson beneficially owns 229,878 shares of Builders FirstSource common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged disposition.

Sentiment

Score: 6

Explanation: The gift of shares to a donor-advised fund by the CEO is a philanthropic act. The transaction being under a 10b5-1 plan indicates a pre-planned disposition, which is generally viewed neutrally to slightly positively as it reduces concerns about opportunistic trading. However, it still represents a reduction in direct insider ownership.

Positives

• The transaction was a gift to a donor-advised fund, indicating philanthropic activity by the CEO.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, suggesting a pre-planned and orderly disposition of shares, which can reduce concerns about opportunistic trading.

Negatives

• A reduction in direct beneficial ownership by a key executive, even if a gift, slightly decreases their direct financial alignment with shareholders.

Future Outlook

NA

Management Comments

• Reflects the gift of common stock to a donor advised fund.

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: A minor reduction in CEO's direct ownership, but the philanthropic nature and 10b5-1 plan mitigate negative perceptions.

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned gift of a relatively small number of shares by the CEO to a donor-advised fund. Such a transaction, while reducing the CEO's direct beneficial ownership, is not indicative of a change in the company's fundamentals or the CEO's confidence in the business. It is a philanthropic act executed under a Rule 10b5-1 plan, which suggests a non-discretionary disposition. Therefore, it does not warrant a change in investment recommendation.

Keywords

Builders FirstSource, BLDR, Peter M. Jackson, Form 4, Insider Transaction, Stock Gift, CEO, Director, Common Stock, Donor Advised Fund, 10b5-1 Plan