Form 4: Summit Materials EVP Craig Anderson Reports Stock Transactions

Craig Scott Anderson, EVP & Chief Financial Officer of Summit Materials, reports acquisition of shares through performance units and disposition of shares to cover tax obligations.

Summary

• Craig Scott Anderson, the EVP & Chief Financial Officer of Summit Materials, reported changes in beneficial ownership of the company's stock on March 7, 2024.
• He acquired 11,667 shares of Class A Common Stock at $0, earned from performance units.
• He disposed of 3,355 shares of Class A Common Stock at $42.39.
• Following these transactions, Anderson directly owns 20,936 shares of Class A Common Stock.
• He also holds 17,122 restricted stock units, each representing a contingent right to receive one share of Class A Common Stock, vesting in three equal annual installments beginning on February 28, 2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning on February 28, 2025.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.

Key Dates

Keywords

Summit Materials, Craig Scott Anderson, Form 4, Beneficial Ownership, Stock Transactions, Class A Common Stock, Restricted Stock Units, EVP, Chief Financial Officer