Nicholas Angerosa - Jan 1, 2024 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Signature
/s/ Jeremiah G. Garvey, Attorney-in-Fact for Nicholas S. Angerosa
Stock symbol
LMB
Transactions as of
Jan 1, 2024
Transactions value $
-$68,887
Form type
4
Date filed
1/3/2024, 06:28 PM
Previous filing
Mar 31, 2023
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Tax liability -$68.9K -1.52K -3.77% $45.47 38.6K Jan 1, 2024 Direct F3
holding LMB Common Stock 40.1K Jan 1, 2024 Direct F1, F2

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 Award $0 +2.31K $0.00 2.31K Jan 1, 2024 Common Stock 2.31K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of common stock contains awards of restricted stock units (each, an "RSU") granted on January 1, 2022, January 4, 2023, and January 17, 2023, respectively. Each 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). Each award is subject to service-based vesting conditions. The awards vest, in the aggregate, in the amount of 4,545 shares on January 1, 2025, and 2,507 shares on January 1, 2026. The amount of common stock does 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 achievements of the applicable performance goals. Any such performance-based RSU's will be reported on a Form 4 within two business days of the date of such determination.
F2 The amount of common stock includes an aggregate 5,433 service-based RSUs that vested on Janaury 1, 2024 related to certain awards granted on each of January 1, 2021, January 1, 2022, January 4, 2023 and January 17, 2023.
F3 Reflects the withholding of 1,515 shares by the Company to satisfy tax withholding requirements. Such transaction was exempt from Section 16(b) pursuant to Rule 16b-3.
F4 Each RSU represents a contingent right to receive one share of the Company's common stock, exempt under Rule 16b-3(d)(1) and (3).
F5 This award of RSUs was granted on January 1, 2024. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2025, January 1, 2026 and January 1, 2027, 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.