Form 4: Builders FirstSource Director James O'Leary Acquires Shares in Lieu of Cash Compensation
SEC Form 4 Filing
Director James O'Leary acquired 179 shares of Builders FirstSource common stock on September 1, 2024, as compensation for services.
Summary
- On September 1, 2024, James O'Leary, 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, under the company's 2014 Incentive Plan and Amended and Restated Director Compensation Policy.
- The price per share was $174.
- Following the transaction, O'Leary directly owns 84,742 shares of Builders FirstSource common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.
Positives
- The acquisition of shares by a director demonstrates alignment of interests with shareholders.
Industry Context
Director compensation in the form of stock is a common practice in publicly traded companies to align the interests of directors with those of shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of transaction: James O'Leary acquired 179 shares of Builders FirstSource common stock. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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