Michael M. McCann - 01 Jan 2025 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 2025
Net transactions value
-$327,019
Form type
4
Filing time
03 Jan 2025, 17:07:42 UTC
Previous filing
20 May 2024
Next filing
12 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Options Exercise $0 +5,490 +6.2% $0.000000 94,057 01 Jan 2025 Direct
transaction LMB Common Stock Options Exercise $0 +4,699 +5% $0.000000 98,756 01 Jan 2025 Direct
transaction LMB Common Stock Options Exercise $0 +1,080 +1.1% $0.000000 99,836 01 Jan 2025 Direct
transaction LMB Common Stock Options Exercise $0 +2,627 +2.6% $0.000000 102,463 01 Jan 2025 Direct
transaction LMB Common Stock Tax liability $327,019 -3,823 -3.7% $85.54 98,640 01 Jan 2025 Direct F1
holding LMB Common Stock 44,233 01 Jan 2025 The McCann Family Revocable Living Trust 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 Options Exercise $0 -5,490 -22% $0.000000 19,440 01 Jan 2025 Common Stock 5,490 Direct F3, F4
transaction LMB Restricted Stock Units Options Exercise $0 -4,699 -24% $0.000000 14,741 01 Jan 2025 Common Stock 4,699 Direct F3, F5
transaction LMB Restricted Stock Units Options Exercise $0 -1,080 -7.3% $0.000000 13,661 01 Jan 2025 Common Stock 1,080 Direct F3, F6
transaction LMB Restricted Stock Units Options Exercise $0 -2,627 -19% $0.000000 11,034 01 Jan 2025 Common Stock 2,627 Direct F3, F7
transaction LMB Restricted Stock Units Award $0 +4,498 +41% $0.000000 15,532 01 Jan 2025 Common Stock 4,498 Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the withholding of 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 Shares held by The McCann Family Revocable Living Trust. The Reporting Person and his spouse are trustees of The McCann Family Revocable Living Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report will not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Limbach Holdings, Inc. common stock, exempt under Rule 16b-3(d)(1) and (3).
F4 This award of RSUs was granted on January 1, 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.
F5 This award of RSUs was granted on January 4, 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.
F6 This award of RSUs was granted on January 17, 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.
F7 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.
F8 This award of RSUs was granted on January 1, 2025. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2026, January 1, 2027 and January 1, 2028, 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.