DRYDEN SCOTT 4
4 · US CONCRETE INC · Filed Mar 5, 2019
Insider Transaction Report
Form 4
US CONCRETE INCUSCR
DRYDEN SCOTT
VP & GM - Polaris Materials
Transactions
- Exercise/Conversion
Common stock
2019-03-01+460→ 460 total - Tax Payment
Common stock
2019-03-01$40.86/sh−231$9,439→ 229 total - Exercise/Conversion
Restricted stock units
2019-03-01−460→ 1,840 total→ Common stock (460 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit was granted from the U.S. Concrete, Inc. Long Term Incentive Plan and represents the right to receive one share of common stock upon vesting.
- [F2]The Restricted Stock Units were granted on March 1, 2018 and will vest as follows: (i) 60% of the total number of the awarded units are Time-Based and will become vested over three years in equal annual installments from the date of grant, and (ii) the remaining 40% of the awarded units are Performance-Based, half (or 50%) of which shall vest on the day that the average of the daily volume-weighted average share price of the Company's stock over any period of 20 consecutive trading days attains $45.90 per share within the three-year period beginning on the date of grant, and the remaining half of which shall vest on the day that the average of the daily volume-weighted average share price of the Company's stock over any period of 20 consecutive trading days attains $49.90 per share within the three-year period beginning on the date of grant.