4//SEC Filing
Lesley Philip Daren 4
Accession 0001073429-21-000081
CIK 0001073429other
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 7:39 PM ET
Size
9.8 KB
Accession
0001073429-21-000081
Insider Transaction Report
Form 4
Lesley Philip Daren
VP - USC Aggregates
Transactions
- Exercise/Conversion
Common stock
2021-03-05+1,380→ 10,252 total - Tax Payment
Common stock
2021-03-05$58.90/sh−337$19,849→ 9,915 total - Exercise/Conversion
Restricted stock units
2021-03-05−1,380→ 4,140 total→ Common stock (1,380 underlying)
Footnotes (4)
- [F1]The March 1, 2020 stock award's third performance-based target of a 20-day consecutive trading day threshold of $51.00 per share, as set forth in footnote 4, was achieved.
- [F2]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 4, two shares of common stock in the aggregate.
- [F3]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 vested on January 14, 2021 when the average of the daily VWAP of the Company's stock over a period of 20 consecutive trading days attained $43.23 per share, and the remaining half of which vested on January 27, 2021 when the average of the daily VWAP of the Company's stock over a period of 20 consecutive trading days attained $47.01 per share.
- [F4]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 1,380 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 1,380 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 0001812637
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 7:39 PM ET
- Size
- 9.8 KB