LANCE HOWARD L 4
4 · Summit Materials, Inc. · Filed Feb 10, 2025
Insider Transaction Report
Form 4
LANCE HOWARD L
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2025-02-10−2,547→ 0 total→ Class A Common Stock (2,547 underlying) - Disposition to Issuer
Options (right to buy)
2025-02-10−81,611→ 0 totalExercise: $18.00→ Class A Common Stock (81,611 underlying) - Disposition to Issuer
Restricted Stock Units
2025-02-10−3,341→ 0 total→ Class A Common Stock (3,341 underlying) - Disposition to Issuer
Class A Common Stock
2025-02-10$52.50/sh−62,135$3,262,088→ 0 total
Footnotes (1)
- [F1]At or immediately prior to the effective time of the transactions contemplated by the Agreement and Plan of Merger, dated November 24, 2024, by and among Summit Materials, Inc., Quikrete Holdings, Inc., and Soar Subsidiary, Inc., (i) each share of Class A common stock of the issuer held by the reporting person was canceled, retired and converted into the right to receive $52.50 in cash (the "Merger Consideration"), (ii) each restricted stock unit held by the reporting person was fully vested, canceled and converted into the right to receive the Merger Consideration and (iii) each stock option held by the reporting person was fully vested, canceled and converted into the right to receive an amount equal to the excess of the Merger Consideration over the applicable exercise price.