Form 4: Builders FirstSource Director Acquires Shares in Lieu of Cash Compensation
SEC Form 4 Filing
Director Mark A. Alexander acquired 179 shares of Builders FirstSource common stock on September 1, 2024, in lieu of cash compensation.
Summary
- On September 1, 2024, Mark A. Alexander, a director of Builders FirstSource, Inc., acquired 179 shares of common stock.
- The acquisition was made in lieu of cash compensation for services as a director, as part of the company's 2014 Incentive Plan and Amended and Restated Director Compensation Policy.
- The price per share was $174.
- Following the transaction, Alexander directly owns 41,756 shares of Builders FirstSource common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Industry Context
Directors receiving stock in lieu of cash compensation is a common practice to align their interests with shareholders and conserve company cash.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of transaction: Mark A. Alexander acquired 179 shares of common stock. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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