Form 4: Irene Moshouris's Summit Materials Stock Units Converted to Cash Following Merger Agreement

Director Irene Moshouris reports conversion of restricted stock units into cash following Summit Materials' merger agreement with Quikrete Holdings.

Summary

• On February 10, 2025, Irene Moshouris, a director of Summit Materials, Inc., reported the conversion of her restricted stock units into cash.
• This conversion occurred due to the merger agreement between Summit Materials, Quikrete Holdings, Inc., and Soar Subsidiary, Inc., dated November 24, 2024.
• Each restricted stock unit was converted into the right to receive $52.50 in cash.
• A total of 3,341 and 2,547 restricted stock units were converted, resulting in zero remaining units owned by Moshouris.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a standard transaction following a merger agreement. The conversion of stock units to cash is a procedural event.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger transaction.

Industry Context

This Form 4 filing reflects the impact of a significant corporate event (merger) on the equity holdings of a company director, which is a common occurrence in the context of mergers and acquisitions.

Key Dates

Keywords

Summit Materials, Irene Moshouris, restricted stock units, merger, Quikrete Holdings, Form 4, conversion, cash