4//SEC Filing
BURTON HERBERT A. 4
Accession 0001073429-21-000093
CIK 0001073429other
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 6:02 PM ET
Size
15.8 KB
Accession
0001073429-21-000093
Insider Transaction Report
Form 4
BURTON HERBERT A.
VP & GM - Northern CA Region
Transactions
- Exercise/Conversion
Common stock
2021-03-11+1,340→ 11,493 total - Tax Payment
Common stock
2021-03-11$67.40/sh−542$36,531→ 10,951 total - Exercise/Conversion
Common stock
2021-03-12+2,080→ 13,031 total - Tax Payment
Common stock
2021-03-12$66.78/sh−1,032$68,917→ 11,999 total - Exercise/Conversion
Restricted stock units
2021-03-11−1,340→ 2,680 total→ Common stock (1,340 underlying) - Exercise/Conversion
Restricted stock units
2021-03-12−2,080→ 4,160 total→ Common stock (2,080 underlying)
Footnotes (7)
- [F1]The March 1, 2019 stock award's third performance-based target of a 20-day consecutive trading day threshold of $54.10 per share, as set forth in footnote 5, was achieved.
- [F2]The March 1, 2020 stock award's fourth performance-based target of a 20-day consecutive trading day threshold of $55.21 per share, as set forth in footnote 7, was achieved.
- [F3]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 5 or 7 (as applicable), two shares of common stock in the aggregate.
- [F4]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.
- [F5]The Performance-Based portion of the March 1, 2019 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 volume weighted average share price (VWAP) of the Company's stock over any period of 20 consecutive trading days attains (i) $54.10 per share (resulting in the vesting into an additional 1,340 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 1,340 shares) within the three-year period from the date of grant.
- [F6]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 1/14/2021 and the remaining half of which vested on 1/27/2021.
- [F7]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 of the Company's stock over any period of 20 consecutive trading days attains (i) $51.00 per share (resulting in the vesting into an additional 2,080 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 2,080 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 0001702600
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 6:02 PM ET
- Size
- 15.8 KB