Frank A. Lonegro - Mar 10, 2022 Form 4 Insider Report for BEACON ROOFING SUPPLY INC (BECN)

Role
EVP & CFO
Signature
/s/ Frank A. Lonegro
Stock symbol
BECN
Transactions as of
Mar 10, 2022
Transactions value $
$0
Form type
4
Date filed
3/14/2022, 06:52 PM
Previous filing
Sep 21, 2021
Next filing
Apr 22, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BECN Restricted Stock Units (RSUs) Award $0 +11.2K $0.00 11.2K Mar 10, 2022 Common Stock, $0.01 par value 11.2K Direct F1, F2
transaction BECN Restricted Stock Units (RSUs) Award $0 +4.49K $0.00 4.49K Mar 10, 2022 Common Stock, $0.01 par value 4.49K Direct F1, F3
transaction BECN Stock Option (right to buy) Award $0 +10K $0.00 10K Mar 10, 2022 Common Stock, $0.01 par value 10K $58.98 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one (1) share of BECN common stock.
F2 These restricted stock units consist of four equal portions, with one portion relating to a performance period of 3/10/2022 to 3/31/2024, one portion relating to a performance period of 3/10/2022 to 3/31/2025 and two portions relating to performance periods of 3/10/2022 to 3/31/2026. Each performance period has a performance goal of a stock price target ($70.00, $82.50, $95.00 and $107.50, respectively). If any performance period's stock price target is not met, and a subsequent performance period stock price target is met, then any prior performance period's stock price targets shall be then deemed met. In the event a performance period stock price target is met, half the shares subject to such performance period shall vest immediately and the remaining half of the shares subject to that performance period shall vest on 3/31/2026.
F3 These restricted stock units are scheduled to vest on the third anniversary of the grant date.
F4 The stock options are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the grant date.