Form 4: Limbach Holdings CFO Jayme L. Brooks Reports Stock Award and Tax Withholding

Chief Financial Officer Jayme L. Brooks reports the acquisition of shares through vesting of performance-based restricted stock units and subsequent disposal to cover tax obligations.

Summary

• On March 13, 2024, Jayme L. Brooks, CFO of Limbach Holdings, Inc., acquired 26,864 shares of common stock due to the vesting of performance-based restricted stock units.
• The vesting was based on the achievement of pre-established performance goals at above-target levels from January 1, 2021, to December 31, 2023.
• Simultaneously, 10,562 shares were disposed of to satisfy tax withholding requirements at a price of $49.76 per share.
• Following these transactions, Brooks directly owns 96,669 shares and indirectly owns 3,568 shares through the Brooks Family Trust.
• The reported transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation and tax obligations. The vesting suggests the company met performance targets, which is mildly positive.

Positives

• The vesting of performance-based restricted stock units indicates that the company achieved above-target performance goals during the period from January 1, 2021, to December 31, 2023.

Negatives

• The disposal of 10,562 shares to cover tax obligations, while a normal occurrence, reduces the overall shareholding of the reporting person.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company executives.

Stakeholder Impact

• The vesting of stock options and subsequent tax withholding has a minor dilutive effect on existing shareholders.

Key Dates