Form 4: Builders FirstSource EVP & CFO Pete Beckmann Reports Changes in Beneficial Ownership
SEC Form 4
Pete Beckmann, EVP & CFO of Builders FirstSource, reports acquisition and disposal of common stock due to vesting of restricted stock units and tax withholding.
Summary
- On February 17, 2025, Pete Beckmann, EVP & CFO of Builders FirstSource, reported changes in beneficial ownership of the company's common stock.
- He acquired 3,679 shares and 4,013 shares of common stock through the vesting of performance-based restricted stock units.
- He disposed of 1,937 shares and 2,094 shares to cover tax withholding requirements related to the vesting of these units.
- Following these transactions, Beckmann directly owns 20,890 shares and indirectly owns 39,431 shares through his spouse.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation. The vesting of restricted stock units is generally a positive sign, but the sale of shares to cover taxes is a neutral event.
Positives
- The vesting of restricted stock units suggests that performance targets were met, which could be viewed positively.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/17/2025 | Date of earliest transaction: Acquisition and disposal of shares due to vesting of restricted stock units and tax withholding. |
| 02/19/2025 | Date of signature by power of attorney. |
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