Martin S. Harrell - Dec 15, 2022 Form 4 Insider Report for BEACON ROOFING SUPPLY INC (BECN)

Role: President, Waterproofing
Signature: /s/ Martin S. Harrell
Stock symbol: BECN
Transactions as of: Dec 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/19/2022, 05:28 PM
Previous filing: Nov 10, 2022
Next filing: Mar 3, 2023

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	+9.64K		$0.00	9.64K	Dec 15, 2022	Common Stock, $0.01 par value	9.64K		Direct	F1, F2

* 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 12/15/2022 to 3/31/2024, one portion relating to a performance period of 12/15/2022 to 3/31/2025 and two portions relating to performance periods of 12/15/2022 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.

Content

Each restricted stock unit represents a contingent right to receive one (1) share of BECN common stock.

These restricted stock units consist of four equal portions, with one portion relating to a performance period of 12/15/2022 to 3/31/2024, one portion relating to a performance period of 12/15/2022 to 3/31/2025 and two portions relating to performance periods of 12/15/2022 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.