Frank A. Lonegro - Jan 30, 2024 Form 4 Insider Report for BEACON ROOFING SUPPLY INC (BECN)

Role
EVP
Signature
/s/ Frank A. Lonegro
Stock symbol
BECN
Transactions as of
Jan 30, 2024
Transactions value $
-$42,288
Form type
4
Date filed
2/1/2024, 06:14 PM
Previous filing
Jan 3, 2024
Next filing
Feb 6, 2024

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 +2.48% $0.00 57.7K Jan 30, 2024 Direct F1
transaction BECN Common Stock, $0.01 par value Tax liability -$42.3K -495 -0.86% $85.43 57.2K Jan 30, 2024 Direct
holding BECN Common Stock, $0.01 par value 417 Jan 30, 2024 By 401(k) Plan

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 -14.28% $0.00 8.38K Jan 30, 2024 Common Stock, $0.01 par value 1.4K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Frank A. Lonegro is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Amount includes a total of 176 shares acquired under Beacon's 2023 Employee Stock Purchase Plan on January 2, 2024.
F2 Each restricted stock unit represents a contingent right to receive one (1) share of BECN common stock.
F3 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. 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.