Form 4: Summit Materials Executive Karli S. Anderson Reports Stock Transactions
SEC Form 4
Karli S. Anderson, EVP, Chief People and ESG Officer and Head of Communications at Summit Materials, reports the vesting and conversion of restricted stock units into Class A Common Stock, along with other transactions.
Summary
- Karli S. Anderson, an executive at Summit Materials, Inc., reported several transactions involving Class A Common Stock and restricted stock units on February 29, 2024.
- These transactions include the vesting of 2,369, 2,409, and 3,074 restricted stock units, which converted into an equal number of Class A Common Stock shares.
- A portion of shares (3,527) were disposed of at a price of $42.71.
- Following these transactions, Anderson directly owns 23,311 shares of Class A Common Stock and 6,148 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This 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 minimal direct impact on stakeholders, as they represent routine executive compensation and stock management.
Key Dates
| Date | Description |
|---|---|
| 12/29/2022 | Shares of Class A Common Stock received pursuant to a stock dividend. |
| 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. |
| 02/28/2023 | Start date for vesting of some restricted stock units 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. |
| 02/29/2024 | Vesting and conversion of restricted stock units into Class A Common Stock; disposal of shares. |
Keywords
Summit Materials, Karli S. Anderson, Class A Common Stock, Restricted Stock Units, Form 4, Beneficial Ownership, Stock Transactions, Vesting
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