Form 4: GMS Inc. Executive Leigh R. Dobbs Reports Stock Transactions
SEC Form 4
Leigh R. Dobbs, Chief Human Resources Officer of GMS Inc., reports acquisition and disposal of common stock and derivative securities.
Summary
- On August 1, 2024, Leigh R. Dobbs, Chief Human Resources Officer of GMS Inc., reported transactions involving GMS Inc. common stock and restricted stock units.
- Dobbs acquired 507 shares of common stock upon the vesting of restricted stock units.
- Dobbs also disposed of 153 shares of common stock.
- Following these transactions, Dobbs directly owns 1,639 shares of GMS Inc. common stock.
- Additionally, Dobbs acquired 1,404 restricted stock units that vest in equal installments on August 1, 2025, August 1, 2026 and August 1, 2027.
- Dobbs also acquired 3,261 stock options that vest in equal installments on August 1, 2025, August 1, 2026 and August 1, 2027 with an exercise price of $92.63.
- Dobbs directly owns 1,014 restricted stock units after the reported transactions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units and stock options are subject to continued employment with the issuer through the applicable vesting dates.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors regarding insider activity. It is common practice for executives to receive and trade company stock as part of their compensation.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/01/2023 | Reporting person was granted 1,521 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 06/30/2024 | Reporting Person acquired 306 shares pursuant to the GMS Inc. Employee Stock Purchase Plan. |
| 08/01/2024 | Date of earliest transaction: Acquisition and disposal of securities. |
| 08/01/2025 | First vesting date for 1,404 restricted stock units and 3,261 stock options. |
| 08/01/2026 | Second vesting date for 1,404 restricted stock units and 3,261 stock options. |
| 08/01/2027 | Third vesting date for 1,404 restricted stock units and 3,261 stock options. |
| 08/01/2034 | Expiration date for stock options. |
| 08/02/2024 | Date of signature for the report. |
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