Loomes David 4
4 · Summit Materials, Inc. · Filed Dec 26, 2024
Insider Transaction Report
Form 4
Loomes David
EVP, Cement
Transactions
- Exercise/Conversion
Class A Common Stock
2024-12-20+2,250→ 20,219 total - Tax Payment
Class A Common Stock
2024-12-20$50.50/sh−9,452$477,326→ 29,918 total - Exercise/Conversion
Restricted Stock Units
2024-12-20−2,250→ 0 total→ Class A Common Stock (2,250 underlying) - Exercise/Conversion
Restricted Stock Units
2024-12-20−13,974→ 0 total→ Class A Common Stock (13,974 underlying) - Exercise/Conversion
Class A Common Stock
2024-12-20+5,177→ 25,396 total - Exercise/Conversion
Class A Common Stock
2024-12-20+13,974→ 39,370 total - Exercise/Conversion
Restricted Stock Units
2024-12-20−5,177→ 0 total→ Class A Common Stock (5,177 underlying)
Footnotes (8)
- [F1]Reflects restricted stock units that upon vesting converted into shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis.
- [F2]Total holdings include shares of Class A Common Stock received pursuant to a stock dividend paid on December 29, 2022.
- [F3]Total holdings include shares of Class A Common Stock acquired through the Issuer's Employee Stock Purchase Plan on October 18, 2022, May 28, 2023, November 30, 2023 and May 31, 2024.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units will be settled in either Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer's Human Capital and Compensation Committee.
- [F5]Reflects the accelerated vesting of restricted stock units for the purpose of reducing or eliminating the excise tax imposed under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, that would be imposed on amounts payable to the Reporting Person in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of November 24, 2024, by and among the Issuer, Quikrete Holdings, Inc. (Purchaser), and Soar Subsidiary, Inc., a wholly owned subsidiary of Purchaser.
- [F6]These restricted stock units would otherwise vest on February 28, 2025.
- [F7]These restricted stock units would otherwise vest in two equal annual installments on each of February 28, 2025 and February 28, 2026.
- [F8]These restricted stock units would otherwise vest in three equal annual installments on each of February 28, 2025, February 28, 2026 and February 28, 2027.