William Forrest Bell - Aug 1, 2023 Form 4 Insider Report for GMS Inc. (GMS)

Role
VP, Chief Accounting Officer
Signature
/s/ Craig D. Apolinsky, Attorney-in-Fact for William Forrest Bell
Stock symbol
GMS
Transactions as of
Aug 1, 2023
Transactions value $
$146,758
Form type
4
Date filed
8/3/2023, 04:27 PM
Previous filing
Dec 14, 2022
Next filing
Sep 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common Stock Options Exercise $0 +407 +40.86% $0.00 1.4K Aug 1, 2023 Direct F1
transaction GMS Common Stock Tax liability -$10.8K -145 -10.33% $74.80 1.26K Aug 1, 2023 Direct
transaction GMS Common Stock Options Exercise $0 +465 +36.96% $0.00 1.72K Aug 1, 2023 Direct F1
transaction GMS Common Stock Tax liability -$10.7K -143 -8.3% $74.80 1.58K Aug 1, 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 GMS Restricted Stock Units Options Exercise $0 -407 -50% $0.00 407 Aug 1, 2023 Common Stock 407 Direct F1, F2
transaction GMS Restricted Stock Units Options Exercise $0 -465 -33.38% $0.00 928 Aug 1, 2023 Common Stock 465 Direct F1, F3
transaction GMS Restricted Stock Units Award $0 +1K $0.00 1K Aug 1, 2023 Common Stock 1K Direct F4, F5
transaction GMS Stock Option (Right to Buy) Award $168K +2.25K $74.80 2.25K Aug 1, 2023 Common Stock 2.25K $74.80 Direct F6
* 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 to shares of common stock on a one-for-one basis.
F2 On August 1, 2021, the reporting person was granted 1,221 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F3 On August 1, 2022, the reporting person was granted 1,393 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F4 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F5 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, 2024, August 1, 2025 and August 1, 2026 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.
F6 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, 2024, August 1, 2025 and August 1, 2026.