Form 4: Limbach Holdings Executive Nicholas Angerosa Reports Stock Transactions Following RSU Vesting

Nicholas Angerosa, President of Harper at Limbach Holdings, reports acquisition of 7,163 shares upon vesting of performance-based restricted stock units and disposition of 1,745 shares for tax withholding.

Summary

• On March 13, 2024, Nicholas Angerosa, President of Harper at Limbach Holdings, acquired 7,163 shares of common stock due to the vesting of performance-based restricted stock units (RSUs).
• The vesting was based on the achievement of pre-established performance goals at above-target levels for the period from January 1, 2021, to December 31, 2023.
• Also on March 13, 2024, 1,745 shares were withheld by Limbach Holdings to satisfy tax obligations related to the vesting of the RSUs at a price of $49.76.
• Following these transactions, Angerosa directly owns 44,051 shares of Limbach Holdings common stock.
• The reported holdings include restricted stock units (RSUs) granted on January 1, 2022, January 4, 2023, and January 17, 2023, which vest in the future.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The vesting of performance-based RSUs suggests the company met its performance targets, which is mildly positive.

Positives

• The vesting of performance-based RSUs suggests that the company achieved above-target performance during the specified period, which could be viewed positively.

Future Outlook

The document mentions future vesting dates for restricted stock units, indicating continued equity-based compensation for the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into insider transactions. The vesting of performance-based RSUs is a common compensation practice.

Stakeholder Impact

• The vesting of RSUs and subsequent tax withholding have a minor impact on the company's share structure and cash flow.

Key Dates