Carmelo Carrubba - Jan 8, 2024 Form 3 Insider Report for BEACON ROOFING SUPPLY INC (BECN)

Role
Interim CFO
Signature
/s/ Carmelo Carrubba
Stock symbol
BECN
Transactions as of
Jan 8, 2024
Transactions value $
$0
Form type
3
Date filed
1/17/2024, 06:32 PM
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BECN Common Stock, $0.01 par value 1.33K Jan 8, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BECN Stock Options (Right to buy) Jan 8, 2024 Common Stock, $0.01 par value 1.8K $60.05 Direct F1
holding BECN Stock Options (Right to buy) Jan 8, 2024 Common Stock, $0.01 par value 981 $65.00 Direct F1
holding BECN Restricted Stock Units (RSUs) Jan 8, 2024 Common Stock, $0.01 par value 520 Direct F2, F3
holding BECN Restricted Stock Units (RSUs) Jan 8, 2024 Common Stock, $0.01 par value 673 Direct F2, F3
holding BECN Restricted Stock Units (RSUs) Jan 8, 2024 Common Stock, $0.01 par value 1.56K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options are scheduled to vest in three (3) equal annual installments, beginning on this date (the first anniversary of the grant date), and followed by the two subsequent anniversaries of this date.
F2 Each restricted stock unit represents a contingent right to receive one (1) share of BECN common stock.
F3 The restricted stock units are scheduled to vest on this date, the third anniversary of the grant date.
F4 These restricted stock units include 1,336 restricted stock units, divided into three equal portions, with one portion relating to a performance period of 5/12/2022 to 3/31/2025 and two portions relating to performance periods of 5/12/2022 to 3/31/2026. Each performance period has a performance goal of a stock price target ($82.50, $95.00 and $107.50, respectively). If any performance period's stock price target is not met, and a subsequent performance period stock price target is met, then any prior performance period's stock price targets shall be then deemed met. In the event a performance period stock price target is met, half the shares subject to such performance period shall vest immediately and the remaining half of the shares subject to that performance period shall vest on 3/31/2026. These restricted stock units also include 222 restricted stock units for which a price target was previously met, which shall vest on 3/31/2026.