Limbach (LMB) CEO gets 52,008-share award, 20,466 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Limbach Holdings, Inc. reported that Chief Executive Officer Michael M. McCann received an equity award of 52,008 shares of common stock on March 2, 2026, issued at $0.00 per share upon vesting of 34,672 performance-based restricted stock units tied to above-target goals for the 2023–2025 period. To cover tax withholding obligations, 20,466 shares were withheld by the company at $89.17 per share, reducing his directly held balance to 167,514 shares. In addition, 44,233 shares are reported as held indirectly through The McCann Family Revocable Living Trust, for which McCann and his spouse serve as trustees and where he disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McCann Michael M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 52,008 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,466 | $89.17 | $1.82M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 187,980 shares (Direct);
Common Stock — 44,233 shares (Indirect, The McCann Family Revocable Living Trust)
Footnotes (1)
- Represents 52,008 shares of Limbach Holdings, Inc. (the "Company") common stock issued to the reporting person on March 2, 2026 upon vesting of 34,672 performance-based restricted stock units, based on the achievement of certain pre-established performance goals at above-target levels for the performance period commencing on January 1, 2023 through December 31, 2025. Such transaction was exempt from Section 16(b) pursuant to Rule 16b-3. Reflects the withholding of 20,466 shares by the Company to satisfy tax withholding requirements. Such transaction was exempt from Section 16(b) pursuant to Rule 16b-3. 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.
FAQ
What insider transactions did Limbach (LMB) disclose for Michael M. McCann?
Limbach disclosed that CEO Michael M. McCann received 52,008 shares of common stock as an equity award on March 2, 2026. The company also withheld 20,466 shares to satisfy tax obligations, resulting in 167,514 shares held directly after these transactions.
What is the role of The McCann Family Revocable Living Trust in Limbach (LMB) ownership?
An additional 44,233 Limbach shares are held indirectly through The McCann Family Revocable Living Trust. McCann and his spouse are trustees, and he disclaims beneficial ownership except for his pecuniary interest, meaning economic benefit he may receive from those trust-held shares.
Were the Limbach (LMB) insider transactions exempt under Section 16 rules?
Yes. Both the 52,008-share equity award and the 20,466-share tax withholding disposition are stated as exempt from Section 16(b) short-swing profit rules. They qualify for exemption under Rule 16b-3, which covers certain board-approved compensation transactions.