Statement of Changes in Beneficial Ownership (4)
March 01 2022 - 6:43PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Harris Brian James |
2. Issuer Name and Ticker or Trading Symbol
Summit Materials, Inc.
[
SUM
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & Chief Financial Officer |
(Last)
(First)
(Middle)
C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/28/2022 |
(Street)
DENVER, CO 80202
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 2/28/2022 | | M | | 9820 | A | (1) | 139814 | D | |
Class A Common Stock | 2/28/2022 | | M | | 6635 | A | (1) | 146449 | D | |
Class A Common Stock | 2/28/2022 | | M | | 5596 | A | (1) | 152045 | D | |
Class A Common Stock | 2/28/2022 | | A(2) | | 58920 | A | $0 | 210965 | D | |
Class A Common Stock | 2/28/2022 | | F | | 27122 | D | $31.22 | 183843 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (3) | 2/28/2022 | | M | | | 9820 | (4) | (4) | Class A Common Stock | 9820.0 | $0 | 19640 | D | |
Restricted Stock Units | (3) | 2/28/2022 | | M | | | 6635 | (5) | (5) | Class A Common Stock | 6635.0 | $0 | 13270 | D | |
Restricted Stock Units | (3) | 2/28/2022 | | M | | | 5596 | (6) | (6) | Class A Common Stock | 5596.0 | $0 | 11190 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | Reflects shares of Class A Common Stock earned and delivered on performance units previously granted based upon the satisfaction of certain performance criteria. |
(3) | 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. |
(4) | The Reporting Person was granted 29,460 restricted stock units that vest in three equal annual installments beginning on February 28, 2020. |
(5) | The Reporting Person was granted 19,905 restricted stock units that vest in three equal annual installments beginning on February 28, 2021. |
(6) | The Reporting Person was granted 16,786 restricted stock units that vest in three equal annual installments beginning on February 28, 2022. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Harris Brian James C/O SUMMIT MATERIALS, INC. 1550 WYNKOOP STREET, 3RD FLOOR DENVER, CO 80202 |
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| EVP & Chief Financial Officer |
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Signatures
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/s/ Christopher B. Gaskill, as Attorney-in-Fact | | 3/1/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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