Limbach (LMB) EVP Jay Sharp reports stock grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Limbach Holdings, Inc. Executive Vice President Jay Sharp reported two related stock transactions. He received a grant of 28,747 shares of common stock on March 2, 2026 upon vesting of performance-based restricted stock units tied to goals for 2023–2025. The company then withheld 12,359 shares at $89.17 per share to cover tax obligations. After these transactions, he directly owned 81,027 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sharp Jay
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28,747 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,359 | $89.17 | $1.10M |
Holdings After Transaction:
Common Stock — 93,386 shares (Direct)
Footnotes (1)
- Represents 28,747 shares of Limbach Holdings, Inc. (the "Company") common stock issued to the reporting person on March 2, 2026 upon vesting of 19,165 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 12,359 shares by the Company to satisfy tax withholding requirements. Such transaction was exempt from Section 16(b) pursuant to Rule 16b-3.
FAQ
What insider transactions did Limbach (LMB) executive Jay Sharp report?
Jay Sharp reported a stock grant and a tax withholding disposition. He received 28,747 Limbach common shares from vesting performance-based RSUs, and the company withheld 12,359 shares to satisfy tax obligations, both recorded on March 2, 2026 under Section 16 rules.
How were Jay Sharp’s Limbach (LMB) performance-based RSUs measured for vesting?
The performance-based restricted stock units vested based on pre-established performance goals for January 1, 2023 through December 31, 2025. The filing states that these goals were achieved at above-target levels, resulting in issuance of 28,747 common shares to Jay Sharp as an equity incentive award.
Were Jay Sharp’s Limbach (LMB) Form 4 transactions exempt under Section 16(b)?
Yes, both reported transactions were exempt under Section 16(b) pursuant to Rule 16b-3. This includes the issuance of 28,747 shares upon vesting of performance-based RSUs and the withholding of 12,359 shares by the company to cover related tax obligations, as stated in the footnotes.