Builders FirstSource (BLDR) executive granted RSUs; shares withheld for taxes
Rhea-AI Filing Summary
Builders FirstSource President – Commercial Jonathan P. Cope reported equity compensation and related tax withholding, with no open‑market trading. He had 739 shares of common stock withheld at $88.09 per share to cover taxes on the vesting of previously granted restricted stock units.
He also received 5,676 restricted stock units under the company’s 2014 Incentive Plan, which vest in 33.33% increments on March 15 of 2027, 2028, and 2029, each converting into one share of common stock upon vesting. After these transactions, he directly holds 13,770 shares of common stock.
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Insights
Routine stock-unit grant and tax withholding, with no open‑market trades.
Jonathan P. Cope, President – Commercial of Builders FirstSource, reported two compensation-related entries. The company withheld 739 shares at $88.09 per share to satisfy tax obligations on vesting restricted stock units, which is a non-market disposition.
He simultaneously acquired 5,676 restricted stock units under the 2014 Incentive Plan, vesting in three equal tranches on March 15, 2027, 2028, and 2029. Each unit will deliver one common share upon vesting, increasing future equity exposure tied to service and performance over time.
Following these actions, Cope directly owns 13,770 common shares. With no derivative positions listed in the derivative summary and no open‑market buys or sells, this filing primarily reflects standard executive compensation and associated tax treatment rather than a directional view on the stock.
FAQ
What did Builders FirstSource (BLDR) executive Jonathan Cope report in this Form 4?
Were any Builders FirstSource (BLDR) shares bought or sold on the open market in this filing?
How many Builders FirstSource (BLDR) shares does Jonathan Cope own after these transactions?
What are the vesting terms of Jonathan Cope’s new Builders FirstSource restricted stock units?
Why were 739 Builders FirstSource shares withheld from Jonathan Cope?
Does this Form 4 indicate a change in Jonathan Cope’s commitment to Builders FirstSource (BLDR)?