Anne P. Noonan - 28 Feb 2023 Form 4 Insider Report for Summit Materials, Inc.

Role
President & CEO, Director
Signature
/s/ Christopher B. Gaskill, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
28 Feb 2023
Net transactions value
-$1,109,906
Form type
4
Filing time
01 Mar 2023, 16:39:04 UTC
Previous filing
24 Feb 2023
Next filing
05 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUM Class A Common Stock Options Exercise +16,946 +16% 124,904 28 Feb 2023 Direct F1, F2, F3
transaction SUM Class A Common Stock Options Exercise +16,632 +13% 141,536 28 Feb 2023 Direct F1
transaction SUM Class A Common Stock Award $0 +63,912 +45% $0.000000 205,448 28 Feb 2023 Direct F4
transaction SUM Class A Common Stock Tax liability $1,109,906 -37,573 -18% $29.54 167,875 28 Feb 2023 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 SUM Restricted Stock Units Options Exercise $0 -16,946 -50% $0.000000 16,946 28 Feb 2023 Class A Common Stock 16,946 Direct F5, F6
transaction SUM Restricted Stock Units Options Exercise $0 -16,632 -33% $0.000000 33,265 28 Feb 2023 Class A Common Stock 16,632 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units that upon vesting converted into shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis.
F2 Total holdings include shares of Class A Common Stock received pursuant to a stock dividend paid on December 29, 2022.
F3 Total holdings include shares of Class A Common Stock acquired through the Issuer's Employee Stock Purchase Plan on April 14, 2022.
F4 Reflects shares of Class A Common Stock earned and delivered on performance units previously granted based upon the satisfaction of certain performance criteria.
F5 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer ("Class A Common Stock"). The restricted stock units will be settled in either Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer's Human Capital and Compensation Committee.
F6 These restricted stock units vest in three equal annual installments beginning on February 28, 2022.
F7 These restricted stock units vest in three equal annual installments beginning on February 28, 2023.