Jayme L. Brooks - Dec 31, 2021 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Signature
/s/ Jeremiah G. Garvey, Attorney-in-Fact for Jayme L. Brooks
Stock symbol
LMB
Transactions as of
Dec 31, 2021
Transactions value $
-$32,319
Form type
4
Date filed
1/4/2022, 04:55 PM
Next filing
Mar 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Options Exercise $0 +2K +4.35% $0.00 48K Dec 31, 2021 Direct F1
transaction LMB Common Stock Tax liability -$6.72K -747 -1.56% $9.00 47.2K Dec 31, 2021 Direct F1
transaction LMB Common Stock Options Exercise $0 +3.33K +7.06% $0.00 50.5K Jan 1, 2022 Direct F1
transaction LMB Common Stock Options Exercise $0 +3.33K +6.6% $0.00 53.9K Jan 1, 2022 Direct F1
transaction LMB Common Stock Tax liability -$25.6K -2.84K -5.28% $9.00 51K 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 -2K -7.5% $0.00 24.7K Dec 31, 2021 Common Stock 2K Direct F2, F3
transaction LMB Restricted Stock Units Options Exercise $0 -3.33K -13.51% $0.00 21.3K Jan 1, 2022 Common Stock 3.33K Direct F2, F4
transaction LMB Restricted Stock Units Options Exercise $0 -3.33K -15.62% $0.00 18K Jan 1, 2022 Common Stock 3.33K Direct F2, F5
transaction LMB Restricted Stock Units Award $0 +10.9K +60.51% $0.00 28.9K Jan 1, 2022 Common Stock 10.9K 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 2,169 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 October 1, 2019. 42,215 shares of common stock subject to this award are subject to service-based vesting conditions and vest on the one-year anniversary of the grant date, subject to continued service through such vesting date. 6,000 shares of common stock subject to this award are subject to service-based vesting conditions and vest in equal annual installments on each of December 31, 2020, 2021 and 2022, subject to continued service through such vesting date. The remaining 6,000 shares of common stock subject to this award shall vest upon the Company's achievement of cumulative adjusted EBITDA of the Company of at least $75,000,000 for fiscal years 2019, 2020 and 2021 (the "Performance Milestone"), subject to Participant's continuous service with the Company or a subsidiary or affiliate of the Company, as applicable, as an employee through the certification by the Compensation Committee of the achievement of the Performance Milestone, if applicable.
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.