SANDBROOK WILLIAM J 4
4 · U.S. CONCRETE, INC. · Filed Mar 22, 2021
Insider Transaction Report
Form 4
SANDBROOK WILLIAM J
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Restricted stock units
2021-03-18−11,720→ 0 total→ Common stock (11,720 underlying) - Exercise/Conversion
Common stock
2021-03-18+11,720→ 420,524 total
Holdings
- 1,512(indirect: By Reporting Person as UGMA custodian for granddaughter)
Common stock
Footnotes (3)
- [F1]The March 1, 2019 stock award's fourth performance-based target of a 20-day consecutive trading day threshold of $58.60 per share, as set forth in footnote 3, 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.
- [F3]Pursuant to the Mr. Sandbrook's executive transition agreement filed with the SEC via Form 8-K on February 14, 2020, the Performance-Based portion of the March 1, 2019 Restricted Stock Units would result in his vesting into 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 his vesting into 11,720 shares) and (ii) $58.60 per share (resulting in his further vesting into 11,720 shares) within the three-year period from the date of grant.