Builders FirstSource (NYSE: BLDR) exec gets stock awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Builders FirstSource, Inc. executive Vance Todd, President - East Division, reported equity compensation and related tax withholding transactions in company common stock. He received 7,663 restricted stock units under the 2014 Incentive Plan, which vest in 33.3% increments on March 15 of 2027, 2028, and 2029.
He also acquired 2,237 shares through vesting of performance-based restricted stock units. To satisfy tax withholding on the vesting of previously granted performance-based and time-based restricted stock units, 1,703 shares were withheld at a price of $88.09 per share. Following these transactions, he directly owns 39,318 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Vance Todd
Role
President - East Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 7,663 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.01 per share | 2,237 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 1,703 | $88.09 | $150K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 38,784 shares (Direct)
Footnotes (1)
- Reflects the acquisition of restricted stock units pursuant to the Corporation's 2014 Incentive Plan. The restricted stock units vest in 33.3% increments on each of March 15, 2027-2029 and entitle the reporting person to one share of common stock for each restricted stock unit that vests. Reflects the vesting of performance-based restricted stock units granted pursuant to the Corporation's 2014 Incentive Plan. Reflects shares withheld to pay tax withholding requirements on vesting of previously granted performance-based restricted stock units and restricted stock units.
FAQ
What did Builders FirstSource (BLDR) executive Vance Todd report on this Form 4?
Vance Todd reported new equity compensation and related tax withholding transactions in Builders FirstSource common stock. He received restricted stock units and performance-based shares, while a portion of shares was withheld to cover tax obligations arising from vesting of earlier awards under the 2014 Incentive Plan.
How many restricted stock units did Vance Todd receive from Builders FirstSource (BLDR)?
He received 7,663 restricted stock units pursuant to Builders FirstSource’s 2014 Incentive Plan. These units do not require cash payment and entitle him to one share of common stock per unit as they vest over time, subject to continued service and applicable plan conditions.
What are the vesting terms for Vance Todd’s new Builders FirstSource (BLDR) restricted stock units?
The 7,663 restricted stock units vest in 33.3% increments on March 15 of 2027, 2028, and 2029. Each vested restricted stock unit entitles Vance Todd to receive one share of Builders FirstSource common stock, assuming he meets the conditions set under the 2014 Incentive Plan.