CHRISTOPHE CLEVELAND A 4
Research Summary
AI-generated summary
Builders FirstSource (BLDR) Director Christophe Cleveland Receives RSU Award
What Happened
- Christophe Cleveland, a director of Builders FirstSource (BLDR), was granted 2,558 restricted stock units (RSUs) on 2026-05-14. The Form 4 reports an acquisition price of $0.00 (this reflects an awarded grant, not a cash purchase). The reported dollar value on the Form 4 is $0 because these are compensation awards rather than market purchases.
Key Details
- Transaction date: 2026-05-14; Filing date: 2026-05-18 (filed 4 days after the transaction).
- Shares/units awarded: 2,558 restricted stock units; reported price: $0.00.
- Vesting: The RSUs vest on May 14, 2027 and each vested RSU converts to one share of common stock (per footnote F1).
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnote: F1 confirms the RSUs are granted under the Corporation’s 2014 Incentive Plan and each unit entitles the holder to one share upon vesting.
- Timeliness: Filing was submitted four days after the transaction date (potentially late under the usual two-business-day Form 4 deadline).
Context
- RSU grants to directors are common compensation and do not represent an immediate cash outlay or open-market purchase. They only become shares (and tradable) if and when they vest. Such awards are routine corporate compensation and should not be taken alone as a buy/sell signal.