Key facts
- This page summarizes Herbert A. Burton's Form 4 filing for U.S. CONCRETE, INC..
- 4 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 30 Aug 2021, 16:43.
Herbert A. Burton - 26 Aug 2021 Form 4 Insider Report for U.S. CONCRETE, INC.
- Reporting relationship
- Regional VP & GM - West
- Issuer ticker
- N/A
- Reported as of
- 26 Aug 2021
- Net transaction value
- -$981,758
- SEC form
- 4
- Accepted by SEC
- 30 Aug 2021, 16:43:03 UTC
- Prior SEC filing
- 02 Aug 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ CiCi S. Sepehri, as Attorney-in-Fact for Herbert A. Burton
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Herbert A. Burton filed Form 4 for U.S. CONCRETE, INC. on 30 Aug 2021.
Change
- Previous filing in this sequence was filed on 02 Aug 2021.
- Current net transaction value: -$981,758.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
USCR
transaction
Common stock
Disposed to Issuer
- Transaction value
- $981,758
- Shares
- -13,267
- Change %
- -100%
- Price
- $74.00
- Shares after
- 0
- Date
- 26 Aug 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
USCR
transaction
Derivative
Restricted stock units
Disposed to Issuer
- Transaction value
- Shares
- -4,160
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 26 Aug 2021
- Ownership
- Direct
- Underlying class
- Common stock
- Underlying amount
- 4,160
- Exercise price
- Footnotes
- F2, F3, F4
USCR
transaction
Derivative
Restricted stock units
Disposed to Issuer
- Transaction value
- Shares
- -1,340
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 26 Aug 2021
- Ownership
- Direct
- Underlying class
- Common stock
- Underlying amount
- 1,340
- Exercise price
- Footnotes
- F2, F4, F5
USCR
transaction
Derivative
Restricted stock units
Disposed to Issuer
- Transaction value
- Shares
- -8,184
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 26 Aug 2021
- Ownership
- Direct
- Underlying class
- Common stock
- Underlying amount
- 8,184
- Exercise price
- Footnotes
- F2, F4, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Herbert A. Burton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
Pursuant to the terms of the Agreement and Plan of Merger, dated as of June 6, 2021, by and among U.S. Concrete, Inc. (the "Issuer"), Vulcan Materials Company, and Grizzly Merger Sub I, Inc. (the "Merger Agreement"), on August 26, 2021, each share of the Issuer's common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) and not otherwise excluded pursuant to the terms of the Merger Agreement, was converted into the right to receive $74.00 per share in cash (the "Merger Consideration"), without interest, subject to any required withholding taxes described in the Merger Agreement.
Footnote F2
Each Restricted Stock Unit was granted from the U.S. Concrete, Inc. Long Term Incentive Plan and represents the right to receive one share of common stock upon vesting.
Footnote F3
These Restricted Stock Units were granted on March 1, 2020 with time-based vesting and were scheduled to vest in equal installments on March 1, 2022 and March 1, 2023.
Footnote F4
At the Effective Time, pursuant to the Merger Agreement, each Restricted Stock Unit in respect of the Issuer's Common Stock ("Company RSUs") that was outstanding as of and immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the total number of Issuer Common Stock subject to such Company RSUs and (ii) the Merger Consideration, subject to applicable withholding taxes.
Footnote F5
These Restricted Stock Units were granted on March 1, 2019 with time-based vesting and were scheduled to vest on March 1, 2022.
Footnote F6
These Restricted Stock Units were granted on March 1, 2021 and were to vest as follows: (i) 75% were time-based with vesting to have occurred in equal installments on March 1, 2022, March 1, 2023 and March 1, 2024, and (ii) the remaining 25% were performance-based with vesting to have occurred once the average of the daily VWAP of the Issuer's stock over any period of 20 consecutive trading days attained $74.95 per share within the three year period from the date of grant.