Sean M. McDevitt - 16 Jul 2023 Form 4 Insider Report for BEACON ROOFING SUPPLY INC

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
18 Jul 2023, 17:30:02 UTC
Prior SEC filing
03 Mar 2023
Next SEC filing
01 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Sean M. McDevitt

Key filing fact

Sean M. McDevitt filed Form 4 for BEACON ROOFING SUPPLY INC on 18 Jul 2023.

Key facts

  • This page summarizes Sean M. McDevitt's Form 4 filing for BEACON ROOFING SUPPLY INC.
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 18 Jul 2023, 17:30.

Change

  • Previous filing in this sequence was filed on 03 Mar 2023.
  • Current net transaction value: -$29,495.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BECN transaction

Common Stock, $0.01 par value

Options Exercise

Transaction value
$0
Shares
+1,165
Change %
Price
$0.000000
Shares after
1,165
Date
16 Jul 2023
Ownership
Direct
BECN transaction

Common Stock, $0.01 par value

Tax liability

Transaction value
$29,495
Shares
-351
Change %
-30%
Price
$84.03
Shares after
814
Date
16 Jul 2023
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BECN transaction Derivative

Restricted Stock Units (RSUs)

Options Exercise

Transaction value
$0
Shares
-1,165
Change %
-12%
Price
$0.000000
Shares after
8,155
Date
16 Jul 2023
Ownership
Direct
Underlying class
Common Stock, $0.01 par value
Underlying amount
1,165
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

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

Footnote F2

These restricted stock units originally consisted 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, based on a rolling 90 calendar day average closing price ($70.00, $82.50, $95.00 and $107.50, respectively). 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. On the Transaction Date, the performance period stock price target of $70.00 was met, the number of shares set forth in column 7 vested on that date, and an equal number of shares will vest on 3/31/26.

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