Michael M. McCann - 01 Jan 2023 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Signature
/s/ Jeremiah G. Garvey, Attorney-in-Fact for Michael M. McCann
Issuer symbol
LMB
Transactions as of
01 Jan 2023
Transactions value $
-$46,980
Form type
4
Filing time
04 Jan 2023, 17:18:05 UTC
Previous filing
19 May 2022
Next filing
18 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Options Exercise $0 +3.33K +4.85% $0.00 72.1K 01 Jan 2023 Direct
transaction LMB Common Stock Options Exercise $0 +2.5K +3.47% $0.00 74.6K 01 Jan 2023 Direct
transaction LMB Common Stock Options Exercise $0 +3.89K +5.22% $0.00 78.5K 01 Jan 2023 Direct
transaction LMB Common Stock Options Exercise $0 +5.49K +7% $0.00 83.9K 01 Jan 2023 Direct
transaction LMB Common Stock Tax liability -$47K -4.51K -5.38% $10.41 79.4K 01 Jan 2023 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 -3.33K -11.08% $0.00 26.7K 01 Jan 2023 Common Stock 3.33K Direct F2, F3
transaction LMB Restricted Stock Units Options Exercise $0 -2.5K -9.35% $0.00 24.2K 01 Jan 2023 Common Stock 2.5K Direct F2, F4
transaction LMB Restricted Stock Units Options Exercise $0 -3.89K -16.04% $0.00 20.4K 01 Jan 2023 Common Stock 3.89K Direct F2, F5
transaction LMB Restricted Stock Units Options Exercise $0 -5.49K -26.96% $0.00 14.9K 01 Jan 2023 Common Stock 5.49K Direct F2, F6
transaction LMB Restricted Stock Units Award $0 +14.1K +94.8% $0.00 29K 04 Jan 2023 Common Stock 14.1K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the withholding of 4,513 shares by Limbach Holdings, Inc. (the "Company") to satisfy tax withholding requirements. 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 Limbach Holdings, Inc. (the "Company") common stock, exempt under Rule 16b-3(d)(1) and (3).
F3 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.
F4 This award of RSUs was granted on 05/11/2020. 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.
F5 This award of RSUs was granted on 01/01/2021. 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 01/01/2022. 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.
F7 This award of RSUs was granted on 01/04/2023. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2024, January 1, 2025 and January 1, 2026, 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.