John C. Turner Jr. - 01 Aug 2022 Form 4 Insider Report for GMS Inc. (GMS)

Role
President and CEO, Director
Signature
/s/ Craig D. Apolinsky, Attorney-in-Fact for John C. Turner, Jr.
Issuer symbol
GMS
Transactions as of
01 Aug 2022
Net transactions value
-$921,291
Form type
4
Filing time
03 Aug 2022, 18:11:34 UTC
Previous filing
03 May 2022
Next filing
08 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common Stock Options Exercise $0 +11,415 +24% $0.000000 59,020 01 Aug 2022 Direct F1, F2
transaction GMS Common Stock Tax liability $277,119 -5,149 -8.7% $53.82 53,871 01 Aug 2022 Direct
transaction GMS Common Stock Options Exercise $0 +16,361 +30% $0.000000 70,232 01 Aug 2022 Direct F1
transaction GMS Common Stock Tax liability $397,138 -7,379 -11% $53.82 62,853 01 Aug 2022 Direct
transaction GMS Common Stock Options Exercise $0 +10,177 +16% $0.000000 73,030 01 Aug 2022 Direct F1
transaction GMS Common Stock Tax liability $247,034 -4,590 -6.3% $53.82 68,440 01 Aug 2022 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 GMS Restricted Stock Units Options Exercise $0 -11,415 -100% $0.000000* 0 01 Aug 2022 Common Stock 11,415 Direct F1, F3
transaction GMS Restricted Stock Units Options Exercise $0 -16,361 -50% $0.000000 16,361 01 Aug 2022 Common Stock 16,361 Direct F1, F4
transaction GMS Restricted Stock Units Options Exercise $0 -10,177 -33% $0.000000 20,354 01 Aug 2022 Common Stock 10,177 Direct F1, F5
transaction GMS Restricted Stock Units Award $0 +28,799 $0.000000 28,799 01 Aug 2022 Common Stock 28,799 Direct F6, F7
transaction GMS Stock Option (Right to Buy) Award $0 +61,192 $0.000000 61,192 01 Aug 2022 Common Stock 61,192 $53.82 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units vested and converted into common stock on a one-for-one basis.
F2 Includes 417 shares acquired by the Reporting Person on June 30, 2022 pursuant to the GMS Inc. Employee Stock Purchase Plan.
F3 On August 1, 2019, the reporting person was granted 34,246 restricted stock units that vested in three equal annual installments beginning on the first anniversary of the grant date.
F4 On August 1, 2020, the reporting person was granted 49,082 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F5 On August 1, 2021, the reporting person was granted 30,531 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F6 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F7 Subject to the reporting person's continued employment with the issuer through the applicable vesting date, these restricted stock units are scheduled to vest in equal installments on each of August 1, 2023, August 1, 2024 and August 1, 2025 and will be settled, with respect to vested restricted stock units, in shares of the issuer's common stock no later than 30 days after each applicable vesting date.
F8 Subject to the reporting person's continued employment with the issuer through the applicable vesting date, these options are scheduled to vest in equal installments on each of August 1, 2023, August 1, 2024 and August 1, 2025.