Charles A. Bacon III - Jan 1, 2022 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Signature
/s/ Jeremiah G. Garvey, Attorney-in-Fact for Charles A. Bacon III
Stock symbol
LMB
Transactions as of
Jan 1, 2022
Transactions value $
-$79,299
Form type
4
Date filed
1/4/2022, 04:53 PM
Previous filing
Dec 10, 2021
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Options Exercise $0 +11.7K +2.75% $0.00 436K Jan 1, 2022 Direct F1
transaction LMB Common Stock Options Exercise $0 +5.83K +1.34% $0.00 442K Jan 1, 2022 Direct F1
transaction LMB Common Stock Options Exercise $0 +3.89K +0.88% $0.00 446K Jan 1, 2022 Direct F1
transaction LMB Common Stock Tax liability -$79.3K -8.81K -1.98% $9.00 437K Jan 1, 2022 Direct F1

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 LMB Restricted Stock Units Options Exercise $0 -11.7K -13.73% $0.00 73.3K Jan 1, 2022 Common Stock 11.7K Direct F2, F3
transaction LMB Restricted Stock Units Options Exercise $0 -5.83K -7.95% $0.00 67.5K Jan 1, 2022 Common Stock 5.83K Direct F2, F3, F4
transaction LMB Restricted Stock Units Options Exercise $0 -3.89K -5.76% $0.00 63.6K Jan 1, 2022 Common Stock 3.89K Direct F2, F5
transaction LMB Restricted Stock Units Award $0 +25.6K +40.31% $0.00 89.3K Jan 1, 2022 Common Stock 25.6K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflect the withholding of 9,289 shares by Limbach Holdings, Inc. (the "Company") to satisfy tax withholding requirements not previously reported. Such transaction was exempt from Section 16(b) pursuant to Rule 16b-3.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock, exempt under Rule 16b-3.
F3 This award of RSUs was granted on 02/27/2019. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2020, January 1, 2021 and January 1, 2022, subject to continued service through the applicable vesting date.
F4 This award of RSUs was granted on 01/01/2020. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2021, January 1, 2022 and January 1, 2023, subject to continued employment through the applicable vesting date. The amounts reported above (related to this grant) do not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievement of the applicable performance goals. Any such RSUs will be reported on a Form 4 within two business days of the date of such determination.
F5 This award of RSUs was granted on 1/1/2021. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2022, January 1, 2023 and January 1, 2024, subject to continued employment through the applicable vesting date. The amounts reported above (related to this grant) do not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievement of the applicable performance goals. Any such RSU's will be reported on a Form 4 within two business days of the date of such determination.
F6 This award of RSUs was granted on 1/1/2022. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2023, January 1, 2024 and January 1, 2025, subject to continued employment through the applicable vesting date. The amounts reported above (related to this grant) do not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievement of the applicable performance goals. Any such RSU's will be reported on a Form 4 within two business days of the date of such determination.