Clement Munroe Best III - Jul 16, 2023 Form 4 Insider Report for BEACON ROOFING SUPPLY INC (BECN)

Signature
/s/ C. Munroe Best
Stock symbol
BECN
Transactions as of
Jul 16, 2023
Transactions value $
-$51,258
Form type
4
Date filed
7/18/2023, 05:30 PM
Previous filing
May 16, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BECN Common Stock, $0.01 par value Options Exercise $0 +1.4K +2.4% $0.00 59.6K Jul 16, 2023 Direct
transaction BECN Common Stock, $0.01 par value Tax liability -$51.3K -610 -1.02% $84.03 59K Jul 16, 2023 Direct

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) Options Exercise $0 -1.4K -12.5% $0.00 9.77K Jul 16, 2023 Common Stock, $0.01 par value 1.4K 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 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.