Form 4: Tamla Oates-Forney of Summit Materials Exercises Restricted Stock Units
SEC Form 4 Filing
Director Tamla Oates-Forney converted 4,038 restricted stock units into Class A Common Stock of Summit Materials on February 29, 2024.
Summary
- On February 29, 2024, Tamla Oates-Forney, a director of Summit Materials, Inc., converted 4,038 restricted stock units into Class A Common Stock.
- The transaction was executed under Transaction Code M.
- Following the transaction, Oates-Forney directly owns 11,975 shares of Class A Common Stock.
- The restricted stock units vested on February 29, 2024, and each unit represents the right to receive one share of Class A Common Stock.
- The total holdings include shares of Class A Common Stock received pursuant to a stock dividend paid on December 29, 2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 12/29/2022 | Date of stock dividend payment |
| 02/29/2024 | Date of transaction: conversion of restricted stock units to Class A Common Stock; vesting date of restricted stock units |
| 03/04/2024 | Date of signature on the Form 4 filing |
Keywords
Summit Materials, Tamla Oates-Forney, Class A Common Stock, restricted stock units, Form 4, director, beneficial ownership, securities
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