John C. Turner JR - Aug 1, 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.
Stock symbol
GMS
Transactions as of
Aug 1, 2022
Transactions value $
-$921,291
Form type
4
Date filed
8/3/2022, 06:11 PM
Previous filing
May 3, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common Stock Options Exercise $0 +11.4K +23.98% $0.00 59K Aug 1, 2022 Direct F1, F2
transaction GMS Common Stock Tax liability -$277K -5.15K -8.72% $53.82 53.9K Aug 1, 2022 Direct
transaction GMS Common Stock Options Exercise $0 +16.4K +30.37% $0.00 70.2K Aug 1, 2022 Direct F1
transaction GMS Common Stock Tax liability -$397K -7.38K -10.51% $53.82 62.9K Aug 1, 2022 Direct
transaction GMS Common Stock Options Exercise $0 +10.2K +16.19% $0.00 73K Aug 1, 2022 Direct F1
transaction GMS Common Stock Tax liability -$247K -4.59K -6.29% $53.82 68.4K Aug 1, 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 -11.4K -100% $0.00* 0 Aug 1, 2022 Common Stock 11.4K Direct F1, F3
transaction GMS Restricted Stock Units Options Exercise $0 -16.4K -50% $0.00 16.4K Aug 1, 2022 Common Stock 16.4K Direct F1, F4
transaction GMS Restricted Stock Units Options Exercise $0 -10.2K -33.33% $0.00 20.4K Aug 1, 2022 Common Stock 10.2K Direct F1, F5
transaction GMS Restricted Stock Units Award $0 +28.8K $0.00 28.8K Aug 1, 2022 Common Stock 28.8K Direct F6, F7
transaction GMS Stock Option (Right to Buy) Award $0 +61.2K $0.00 61.2K Aug 1, 2022 Common Stock 61.2K $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.