SCOTT M. DEAKIN - 01 Aug 2023 Form 4 Insider Report for GMS Inc. (GMS)

Role
SVP, Chief Financial Officer
Signature
/s/ Craig D. Apolinsky, Attorney-in-Fact for Scott M. Deakin
Issuer symbol
GMS
Transactions as of
01 Aug 2023
Net transactions value
+$618,147
Form type
4
Filing time
03 Aug 2023, 16:32:36 UTC
Previous filing
24 Oct 2022
Next filing
29 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common Stock Options Exercise $0 +4,268 +28% $0.000000 19,357 01 Aug 2023 Direct F1, F2
transaction GMS Common Stock Tax liability $96,118 -1,285 -6.6% $74.80 18,072 01 Aug 2023 Direct
transaction GMS Common Stock Options Exercise $0 +2,544 +14% $0.000000 20,616 01 Aug 2023 Direct F1
transaction GMS Common Stock Tax liability $57,297 -766 -3.7% $74.80 19,850 01 Aug 2023 Direct
transaction GMS Common Stock Options Exercise $0 +3,097 +16% $0.000000 22,947 01 Aug 2023 Direct F1
transaction GMS Common Stock Tax liability $69,788 -933 -4.1% $74.80 22,014 01 Aug 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GMS Restricted Stock Units Options Exercise $0 -4,268 -100% $0.000000* 0 01 Aug 2023 Common Stock 4,268 Direct F1, F3
transaction GMS Restricted Stock Units Options Exercise $0 -2,544 -50% $0.000000 2,544 01 Aug 2023 Common Stock 2,544 Direct F1, F4
transaction GMS Restricted Stock Units Options Exercise $0 -3,097 -33% $0.000000 6,193 01 Aug 2023 Common Stock 3,097 Direct F1, F5
transaction GMS Restricted Stock Units Award $0 +5,014 $0.000000 5,014 01 Aug 2023 Common Stock 5,014 Direct F6, F7
transaction GMS Stock Option (Right to Buy) Award $841,350 +11,248 $74.80 11,248 01 Aug 2023 Common Stock 11,248 $74.80 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units vested and converted into common stock on a one-for-one basis.
F2 Includes 490 shares acquired by the Reporting Person on June 30, 2023 pursuant to the GMS Inc. Employee Stock Purchase Plan.
F3 On August 1, 2020, the reporting person was granted 12,804 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F4 On August 1, 2021, the reporting person was granted 7,632 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F5 On August 1, 2022, the reporting person was granted 9,290 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
F6 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F7 Subject to the reporting person's continued employment with the issuer through the applicable vesting date, these restricted stock units are scheduled to vest in equal installments on each of August 1, 2024, August 1, 2025 and August 1, 2026 and will be settled, with respect to vested restricted stock units, in shares of the issuer's common stock no later than 30 days after each applicable vesting date.
F8 Subject to the reporting person's continued employment with the issuer through the applicable vesting date, these options are scheduled to vest in equal installments on each of August 1, 2024, August 1, 2025 and August 1, 2026.