Form 4: Summit Materials Executive Jason Kilgore Reports Stock Transactions
SEC Form 4 Filing
Jason Kilgore, an executive at Summit Materials, reported the vesting and conversion of restricted stock units into Class A Common Stock, along with a related tax withholding.
Summary
- On February 29, 2024, Jason Kilgore, EVP at Summit Materials, reported transactions involving Class A Common Stock.
- These transactions included the vesting of restricted stock units (RSUs) and their conversion into shares of Class A Common Stock.
- A total of 8,799 RSUs vested and converted into shares.
- Kilgore also disposed of 2,652 shares to cover tax obligations at a price of $42.71 per share.
- Following these transactions, Kilgore directly owns 51,134 shares of Class A Common Stock and indirectly owns 108,642 shares through a family LLC.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/29/2022 | Date of stock dividend payment. |
| 02/28/2023 | First vesting date of 8,387 restricted stock units in three equal annual installments. |
| 02/29/2024 | Date of transactions: vesting of RSUs, conversion to Class A Common Stock, and tax withholding. |
| 02/29/2024 | First vesting date of 9,649 restricted stock units in three equal annual installments. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
Keywords
Summit Materials, Jason Kilgore, Form 4, Stock Transactions, Restricted Stock Units, Class A Common Stock, Vesting, SEC Filing
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