Form 4: Limbach Holdings Executive Jay Sharp Reports Stock Transactions
SEC Form 4 Filing
Jay Sharp, a Regional President at Limbach Holdings, reports the vesting and acquisition of restricted stock units and withholding of shares for tax obligations.
Summary
- On January 1, 2025, Jay Sharp, a Regional President of Limbach Holdings, Inc., reported transactions involving common stock and restricted stock units (RSUs).
- Sharp acquired 928 shares of common stock upon the vesting of RSUs.
- He also acquired 1,461 RSUs, which vest in equal annual installments from January 1, 2026, to January 1, 2028.
- 2,058 shares were withheld by the company to satisfy tax obligations related to the vesting of RSUs.
- Following these transactions, Sharp directly owns 60,419 shares of Limbach Holdings common stock and 3,319 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no particularly positive or negative implications.
Future Outlook
The reported RSUs vest over the next several years, contingent on continued employment.
Industry Context
Form 4 filings are routine disclosures that provide transparency into the trading activities of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Date of certain awards granted related to service-based RSUs. |
| 01/04/2023 | Date of certain awards granted related to service-based RSUs. |
| 01/17/2023 | Date of certain awards granted related to service-based RSUs. |
| 01/01/2024 | Date of RSU award grant that vests in equal annual installments on January 1, 2025, January 1, 2026 and January 1, 2027. |
| 01/01/2025 | Date of earliest transaction; vesting of RSUs and withholding of shares for taxes; date of RSU award grant that vests in equal annual installments on January 1, 2026, January 1, 2027 and January 1, 2028; vesting of 5,495 service-based RSUs. |
| 01/01/2026 | Date when 3,194 shares of RSUs vest; date of annual installment vesting of RSUs granted on January 1, 2024 and January 1, 2025. |
| 01/01/2027 | Date of annual installment vesting of RSUs granted on January 1, 2024 and January 1, 2025. |
| 01/01/2028 | Date of annual installment vesting of RSUs granted on January 1, 2025. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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