4//SEC Filing
DRYDEN SCOTT 4
Accession 0001073429-20-000039
CIK 0001073429other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 7:55 PM ET
Size
12.9 KB
Accession
0001073429-20-000039
Insider Transaction Report
Form 4
DRYDEN SCOTT
VP & GM - Polaris Materials
Transactions
- Exercise/Conversion
Restricted stock units
2020-03-01−760→ 4,880 total→ Common stock (760 underlying) - Exercise/Conversion
Common stock
2020-03-01+760→ 1,751 total - Tax Payment
Common stock
2020-03-01$26.84/sh−659$17,688→ 1,092 total - Award
Restricted stock unit
2020-03-01+6,200→ 6,200 total→ Common stock (6,200 underlying)
Footnotes (5)
- [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, or as set forth in footnote 3 or 5 (as applicable), two shares of common stock in the aggregate.
- [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 vested on 5/16/2019 and the remaining half of which vested on 10/14/2019. The vesting reported herein represents the first of three Time-Based awards that vest over three years in equal, annual installments from the date of grant.
- [F3]The Performance-Based portion of the March 1, 2019 Restricted Stock Units would result in vesting into additional shares if the average of the daily volume weighted average share price (VWAP) over any period of 20 consecutive trading days attains (i) $54.10 per share (resulting in the vesting into an additional 760 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 760 shares) within the three-year period from the date of grant.
- [F4]The Restricted Stock Units were granted on March 1, 2020 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 VWAP of the Company's stock over any period of 20 consecutive trading days attains $43.23 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 VWAP of the Company's stock over any period of 20 consecutive trading days attains $47.01 per share within the three-year period beginning on the date of grant.
- [F5]The Performance-Based portion of the March 1, 2020 Restricted Stock Units would result in vesting into additional shares (effectively making each Performance-Based RSU represent two shares) if the average of the daily VWAP over any period of 20 consecutive trading days attains (i) $51.00 per share (resulting in the vesting into an additional 1,240 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 1,240 shares) within the three-year period from the date of grant.
Documents
Issuer
U.S. CONCRETE, INC.
CIK 0001073429
Entity typeother
Related Parties
1- filerCIK 0001741464
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 7:55 PM ET
- Size
- 12.9 KB