4//SEC Filing
Kohutek Kevin 4
Accession 0001073429-19-000048
CIK 0001073429other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 8:50 PM ET
Size
8.2 KB
Accession
0001073429-19-000048
Insider Transaction Report
Form 4
US CONCRETE INCUSCR
Kohutek Kevin
VP & Controller
Transactions
- Tax Payment
Common stock
2019-03-01$40.86/sh−630$25,742→ 10,737 total - Award
Restricted stock units
2019-03-01+5,300→ 5,300 total→ Common stock (5,300 underlying)
Footnotes (3)
- [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, 2019 and will vest as follows: (i) 60% of the total number of the awarded shares 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 shares 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.
- [F3]The Performance-Based portion of the Restricted Stock Units would result in vesting into additional shares if the average of the daily VWAP over any period of 20 consecutive trading days attains (i) $54.10 per share (resulting in the vesting into an additional 1,060 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 1,060 shares) within the three-year period from the date of grant.
Documents
Issuer
US CONCRETE INC
CIK 0001073429
Entity typeother
Related Parties
1- filerCIK 0001552193
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 8:50 PM ET
- Size
- 8.2 KB