Form 4: Director Peter C. Browning Executes Stock Transaction at GMS Inc.
SEC Form 4 Filing
Peter C. Browning, a director at GMS Inc., executed a transaction involving common stock and restricted stock units on August 1, 2024.
Summary
- On August 1, 2024, Peter C. Browning, a director of GMS Inc., engaged in a transaction involving the company's stock.
- The transaction involved the vesting and conversion of 1,672 restricted stock units into common stock.
- These restricted stock units, granted on August 1, 2023, vested on the first anniversary of the grant date.
- Following the transaction, Browning directly owns 15,406 shares of GMS Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock transaction by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it represents a routine vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 08/01/2023 | Reporting person was granted 1,672 restricted stock units. |
| 08/01/2024 | Restricted stock units vested and converted to shares of common stock. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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