Form 4: Summit Materials Director Anne K. Wade Reports Stock Transaction

Director Anne K. Wade of Summit Materials, Inc. reports the vesting and conversion of restricted stock units into Class A Common Stock on February 29, 2024.

Summary

• On February 29, 2024, Anne K. Wade, a director of Summit Materials, Inc., reported a transaction involving the vesting of restricted stock units.
• 4,038 restricted stock units vested and were converted into 4,038 shares of Class A Common Stock.
• Following the transaction, Wade directly owns 26,900 shares of Class A Common Stock.
• The restricted stock units were settled on a one-for-one basis into Class A Common Stock.
• The reporting was filed on March 4, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it represents a small change in the director's holdings.

Key Dates

Keywords

Summit Materials, Director, Stock Transaction, Form 4, Class A Common Stock, Restricted Stock Units, Beneficial Ownership, SEC Filing