Jason L. Taylor - Sep 11, 2024 Form 4 Insider Report for BEACON ROOFING SUPPLY INC (BECN)

Signature
/s/ Jason L. Taylor
Stock symbol
BECN
Transactions as of
Sep 11, 2024
Transactions value $
-$127,851
Form type
4
Date filed
9/13/2024, 04:23 PM
Previous filing
Jun 5, 2024
Next filing
Oct 9, 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 $71.6K +2.5K +21.31% $28.64 14.2K Sep 11, 2024 Direct F1, F2
transaction BECN Common Stock, $0.01 par value Sale -$55.1K -700 -4.92% $78.77 13.5K Sep 11, 2024 Direct F1, F3
transaction BECN Common Stock, $0.01 par value Sale -$96K -1.2K -8.87% $79.96 12.3K Sep 11, 2024 Direct F1, F4
transaction BECN Common Stock, $0.01 par value Sale -$48.4K -600 -4.87% $80.60 11.7K Sep 11, 2024 Direct F1, F5

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 Stock Option (right to buy) Options Exercise $0 -2.5K -100% $0.00 0 Sep 11, 2024 Common Stock, $0.01 par value 2.5K $28.64 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a Rule 10b5-1(c) plan adopted on June 12, 2024.
F2 Amount includes 144 shares acquired under Beacon's 2023 Employee Stock Purchase Plan, which meets the requirements of Section 423 of the Internal Revenue Code, subsequent to the Reporting Person's last Table I disclosure.
F3 This transaction was executed in multiple trades at prices ranging from $78.24 USD to $79.20 USD; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes, upon request, to provide to Beacon Roofing Supply, Inc. (the "Issuer"), any security holder of the Issuer, or the Securities and Exchange Commission, full information regarding the number of shares and prices at which the transaction was effected.
F4 This transaction was executed in multiple trades at prices ranging from $79.31 USD to $80.30 USD; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes, upon request, to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, full information regarding the number of shares and prices at which the transaction was effected.
F5 This transaction was executed in multiple trades at prices ranging from $80.36 USD to $80.91 USD; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes, upon request, to provide to the Issuer, any security holder of the Issuer, or the Securities and Exchange Commission, full information regarding the number of shares and prices at which the transaction was effected.
F6 The stock options were scheduled to vest in three (3) equal annual installments, beginning on this date (the first anniversary of the grant date) and followed by the two subsequent anniversaries of this date.