Form 4: Distribution Solutions Group Executive Acquires Shares Following Performance Award Vesting

David S. Lambert, VP, Controller and CAO of Distribution Solutions Group, acquired 1,301 shares of common stock following the vesting of a ROIC-based performance award and disposed of 481 shares to cover taxes.

Summary

• David S. Lambert, VP, Controller and CAO of Distribution Solutions Group, reported changes in beneficial ownership of the company's common stock.
• On March 8, 2024, Lambert acquired 1,301 shares at $30.65 per share related to a ROIC-based performance award granted on June 15, 2021.
• The performance award was based on a Return on Invested Capital (ROIC) goal for the period from January 1, 2021, to December 31, 2023.
• The Compensation Committee confirmed the company's performance at 108.8% relative to the ROIC goals.
• Also on March 8, 2024, Lambert disposed of 481 shares at $30.65 per share to cover taxes upon vesting of the restricted stock units.
• Following these transactions, Lambert directly owns 2,122 shares of Distribution Solutions Group common stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the executive acquired shares due to the company achieving its ROIC goals. The disposal of shares for tax purposes is a neutral event.

Positives

• The vesting of the ROIC-based performance award suggests that the company met or exceeded its financial performance goals, specifically achieving 108.8% of its ROIC target.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This filing indicates that an executive has acquired shares based on performance, which can be seen as a positive signal.

Stakeholder Impact

• Shareholders may view the vesting of performance-based awards as a positive sign, indicating that management is aligned with their interests and that the company is achieving its financial goals.

Key Dates