Form 4: Builders FirstSource Director Acquires Shares in Lieu of Cash Compensation
SEC Form 4 Filing
Director Brett N. Milgrim acquired 156 shares of Builders FirstSource common stock in lieu of cash compensation on March 1, 2024.
Summary
- On March 1, 2024, Brett N. Milgrim, a director of Builders FirstSource, Inc., acquired 156 shares of common stock at a price of $199.98 per share.
- The acquisition was made in lieu of cash compensation for services as a director under the company's 2014 Incentive Plan, according to the Amended and Restated Director Compensation Policy.
- Following the transaction, Milgrim directly owns 76,635 shares of Builders FirstSource common stock.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to director compensation, which is neutral to slightly positive as it indicates alignment of interests.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Industry Context
Director share acquisitions are common and often viewed positively, indicating alignment between management and shareholder interests. This is a routine transaction related to director compensation.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Brett N. Milgrim acquired 156 shares of Builders FirstSource common stock. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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