Builders FirstSource (BLDR) director gets 2,558 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Builders FirstSource, Inc. director Brett N. Milgrim reported an award of 2,558 shares in the form of restricted stock units under the company’s 2014 Incentive Plan. The units were granted at no cash cost and will vest on May 14, 2027, each converting into one common share when vested.
Following this equity award, Milgrim directly holds a total of 82,634 shares of Builders FirstSource common stock. This filing reflects routine stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MILGRIM BRETT N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 2,558 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 82,634 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,558 units
Grant price per share: $0.00 per share
Shares after transaction: 82,634 shares
+1 more
4 metrics
RSU grant size
2,558 units
Restricted stock units granted to director Brett N. Milgrim
Grant price per share
$0.00 per share
Reported transaction price for the RSU award
Shares after transaction
82,634 shares
Total common stock directly held after award
RSU vesting date
May 14, 2027
Vesting date for the 2,558 restricted stock units
Key Terms
restricted stock units, 2014 Incentive Plan, vest
3 terms
restricted stock units financial
"Reflects the acquisition of restricted stock units pursuant to the Corporation's 2014 Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2014 Incentive Plan financial
"Reflects the acquisition of restricted stock units pursuant to the Corporation's 2014 Incentive Plan."
vest financial
"The restricted stock units vest on May 14, 2027 and entitle the reporting person to one share of common stock for each restricted stock unit that vests."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Builders FirstSource (BLDR) report for Brett N. Milgrim?
Builders FirstSource director Brett N. Milgrim received an award of 2,558 restricted stock units. These units are a form of stock-based compensation, not an open-market purchase, and each unit will convert into one share of common stock upon vesting.
What is the size of the restricted stock unit grant reported for BLDR director Brett N. Milgrim?
The filing shows an equity award of 2,558 restricted stock units to director Brett N. Milgrim. These units were granted at no stated cash price per share under Builders FirstSource’s 2014 Incentive Plan as part of his compensation package.
When do Brett N. Milgrim’s newly granted restricted stock units in Builders FirstSource vest?
The 2,558 restricted stock units awarded to Brett N. Milgrim vest on May 14, 2027. On that vesting date, each restricted stock unit entitles him to receive one share of Builders FirstSource common stock, subject to the award’s terms and conditions.
Is the Form 4 transaction for BLDR an insider purchase or a compensation award?
The transaction is a compensation-related award, not an open-market purchase. Brett N. Milgrim received 2,558 restricted stock units at a reported price of $0.00 per share under Builders FirstSource’s 2014 Incentive Plan, reflecting routine equity compensation for a director.