John C. Turner JR - Aug 1, 2024 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, 2024
Transactions value $
$4,065,809
Form type
4
Date filed
8/2/2024, 04:45 PM
Previous filing
Mar 22, 2024
Next filing
Sep 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common Stock Options Exercise $0 +10.2K +21.03% $0.00 58.6K Aug 1, 2024 Direct F1, F2
transaction GMS Common Stock Tax liability $0 -4.59K -7.84% $0.00 54K Aug 1, 2024 Direct
transaction GMS Common Stock Options Exercise $0 +9.6K +17.79% $0.00 63.6K Aug 1, 2024 Direct F1
transaction GMS Common Stock Tax liability $0 -4.33K -6.81% $0.00 59.2K Aug 1, 2024 Direct
transaction GMS Common Stock Options Exercise $0 +7.35K +12.41% $0.00 66.6K Aug 1, 2024 Direct F1
transaction GMS Common Stock Tax liability $0 -3.32K -4.98% $0.00 63.3K Aug 1, 2024 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 -10.2K -100% $0.00* 0 Aug 1, 2024 Common Stock 10.2K Direct F1, F3
transaction GMS Restricted Stock Units Options Exercise $0 -9.6K -50% $0.00 9.6K Aug 1, 2024 Common Stock 9.6K Direct F1, F4
transaction GMS Restricted Stock Units Options Exercise $0 -7.35K -33.33% $0.00 14.7K Aug 1, 2024 Common Stock 7.35K Direct F1, F5
transaction GMS Restricted Stock Units Award $0 +18.9K $0.00 18.9K Aug 1, 2024 Common Stock 18.9K Direct F6, F7
transaction GMS Stock Option (Right to Buy) Award $4.07M +43.9K $92.63 43.9K Aug 1, 2024 Common Stock 43.9K $92.63 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 311 shares acquired by the Reporting Person on June 30, 2024 pursuant to the GMS Inc. Employee Stock Purchase Plan.
F3 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.
F4 On August 1, 2022, the reporting person was granted 28,799 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F5 On August 1, 2023, the reporting person was granted 22,059 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, 2025, August 1, 2026 and August 1, 2027 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, 2025, August 1, 2026 and August 1, 2027.