Kilgore Jason 4
4 · Summit Materials, Inc. · Filed Feb 10, 2025
Insider Transaction Report
Form 4
Kilgore Jason
See Remarks
Transactions
- Disposition to Issuer
Class A Common Stock
2025-02-10$52.50/sh−108,642$5,703,705→ 0 total(indirect: See Footnote) - Disposition to Issuer
Performance Stock Units
2025-02-10−13,203→ 0 total→ Class A Common Stock (13,203 underlying) - Disposition to Issuer
Restricted Stock Units
2025-02-10−17,711→ 0 total→ Class A Common Stock (17,711 underlying) - Disposition to Issuer
Performance Stock Units
2025-02-10−9,649→ 0 total→ Class A Common Stock (9,649 underlying) - Disposition to Issuer
Option (right to buy)
2025-02-10−6,282→ 0 totalExercise: $23.89→ Class A Common Stock (6,282 underlying) - Disposition to Issuer
Restricted Stock Units
2025-02-10−2,795→ 0 total→ Class A Common Stock (2,795 underlying) - Disposition to Issuer
Option (right to buy)
2025-02-10−8,743→ 0 totalExercise: $17.07→ Class A Common Stock (8,743 underlying) - Disposition to Issuer
Class A Common Stock
2025-02-10$52.50/sh−7,726$405,615→ 0 total - Disposition to Issuer
Restricted Stock Units
2025-02-10−6,432→ 0 total→ Class A Common Stock (6,432 underlying) - Disposition to Issuer
Restricted Stock Units
2025-02-10−13,203→ 0 total→ Class A Common Stock (13,203 underlying)
Footnotes (2)
- [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, (iii) each performance stock unit award held by the reporting person was vested based on target performance, canceled and converted into the right to receive the Merger Consideration and (iv) each stock option 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.
- [F2]Reflects the securities held by a limited liability company for the benefit of Mr. Kilgore's family, for which Mr. Kilgore's spouse serves as manager.