Carmelo Carrubba - 30 Jan 2024 Form 4 Insider Report for BEACON ROOFING SUPPLY INC

Role: Interim CFO
Signature: /s/ Carmelo Carrubba
Issuer symbol: N/A
Transactions as of: 30 Jan 2024
Net transactions value: -$6,834
Form type: 4
Filing time: 01 Feb 2024, 18:08:58 UTC
Previous filing: 17 Jan 2024
Next filing: 16 Feb 2024
SEC: View on sec.gov

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	+223	+17%	$0.000000	1,554	30 Jan 2024	Direct
transaction	BECN	Common Stock, $0.01 par value	Tax liability	$6,834	-80	-5.1%	$85.43	1,474	30 Jan 2024	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	Options Exercise	$0	-223	-14%	$0.000000	1,335	30 Jan 2024	Common Stock, $0.01 par value	223		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 5/12/2022 to 3/31/2024, one portion relating to a performance period of 5/12/2022 to 3/31/2025 and two portions relating to performance periods of 5/12/2022 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. The performance period stock price target of $70.00 was previously met. On the Transaction Date, the performance period stock price target of $82.50 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.

Content

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

These restricted stock units originally consisted of four equal portions, with one portion relating to a performance period of 5/12/2022 to 3/31/2024, one portion relating to a performance period of 5/12/2022 to 3/31/2025 and two portions relating to performance periods of 5/12/2022 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. The performance period stock price target of $70.00 was previously met. On the Transaction Date, the performance period stock price target of $82.50 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.