Form 4: Summit Materials Executive Christopher Gaskill Reports Stock Transactions
SEC Form 4 Filing
Christopher Gaskill, Executive Vice President, Chief Legal Officer and Secretary of Summit Materials, reported the vesting and conversion of restricted stock units into Class A Common Stock, along with other transactions.
Summary
- On February 29, 2024, Christopher Gaskill, an executive at Summit Materials, reported several transactions involving Class A Common Stock.
- These transactions included the vesting of restricted stock units (RSUs) and their conversion into Class A Common Stock.
- Gaskill converted 3,061 RSUs, 2,696 RSUs, and 2,854 RSUs into Class A Common Stock.
- He also disposed of 3,856 shares of Class A Common Stock at a price of $42.71.
- Following these transactions, Gaskill directly owns 31,137 shares of Class A Common Stock and holds 5,708 restricted stock units.
- The RSUs vest in three equal annual installments.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency of trading by corporate insiders.
Stakeholder Impact
- The transactions may provide insights to stakeholders regarding executive compensation and confidence in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | First vesting date for 9,185 restricted stock units granted to the reporting person, vesting in three equal annual installments. |
| 04/14/2022 | Shares of Class A Common Stock acquired through the Issuer's Employee Stock Purchase Plan. |
| 10/18/2022 | Shares of Class A Common Stock acquired through the Issuer's Employee Stock Purchase Plan. |
| 12/29/2022 | Shares of Class A Common Stock received pursuant to a stock dividend. |
| 02/28/2023 | First vesting date for restricted stock units, vesting in three equal annual installments. |
| 05/28/2023 | Shares of Class A Common Stock acquired through the Issuer's Employee Stock Purchase Plan. |
| 11/30/2023 | Shares of Class A Common Stock acquired through the Issuer's Employee Stock Purchase Plan. |
| 02/28/2024 | First vesting date for restricted stock units, vesting in three equal annual installments. |
| 02/29/2024 | Date of reported transactions: vesting of RSUs and disposition of shares. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
Keywords
Summit Materials, Christopher Gaskill, Class A Common Stock, Restricted Stock Units, Form 4, SEC, Insider Trading
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