Form 4: GMS COO Hendren Reports Vesting & New RSU Grant
Insider Transaction Report
GMS Inc.'s Chief Operating Officer, George T. Hendren, reported the vesting of restricted stock units, subsequent share dispositions for tax purposes, and a new RSU grant.
Summary
- George T. Hendren, SVP, Chief Operating Officer of GMS Inc., reported multiple transactions on August 1, 2025.
- A total of 4,320 shares of common stock were acquired through the vesting and conversion of restricted stock units (RSUs) from grants made in 2022, 2023, and 2024.
- Concurrently, 1,889 shares of common stock were disposed of to cover tax withholding obligations related to the RSU vesting.
- Hendren also received a new grant of 8,257 restricted stock units.
- Following these transactions, Hendren directly beneficially owns 26,381 shares of GMS Inc. common stock and 11,843 restricted stock units (unvested).
Sentiment
Score: 6
Explanation: The sentiment is slightly positive due to the executive's continued accumulation of shares through vesting and a new RSU grant, indicating ongoing alignment with shareholder interests, despite some shares being sold for tax purposes.
Positives
- Acquisition of 4,320 shares of common stock through RSU vesting, increasing direct ownership.
- Grant of 8,257 new restricted stock units, indicating continued long-term incentive alignment with company performance.
Negatives
- Disposition of 1,889 shares of common stock to satisfy tax withholding obligations, reducing the net shares acquired from vesting.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Minor positive impact from increased insider ownership, signaling management's continued vested interest in the company's performance.
- Employees: No direct impact mentioned beyond the reporting person's compensation structure.
Next Steps
- Future vesting of the 8,257 restricted stock units on August 1, 2026, August 1, 2027, and August 1, 2028.
- Future vesting of remaining restricted stock units from 2023 and 2024 grants.
Key Dates
| Date | Description |
|---|---|
| 08/01/2022 | Grant date for 5,574 restricted stock units, vesting in three equal annual installments. |
| 08/01/2023 | Grant date for 4,011 restricted stock units, vesting in three equal annual installments. |
| 08/01/2024 | Grant date for 3,374 restricted stock units, vesting in three equal annual installments. |
| 08/01/2025 | Date of reported transactions, including RSU vesting, share dispositions for tax, and new RSU grant. |
| 08/01/2026 | First vesting date for the 8,257 restricted stock units granted on August 1, 2025. |
| 08/01/2027 | Second vesting date for the 8,257 restricted stock units granted on August 1, 2025. |
| 08/01/2028 | Third vesting date for the 8,257 restricted stock units granted on August 1, 2025. |
| 08/05/2025 | Signature date of the filing by Attorney-in-Fact. |
Keywords
GMS Inc., GMS, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, George T. Hendren, Stock Transactions, Officer Ownership
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