George T. Hendren - 01 Aug 2023 Form 4 Insider Report for GMS Inc. (GMS)

Signature
/s/ Craig D. Apolinsky, Attorney-in-Fact for George T. Hendren
Issuer symbol
GMS
Transactions as of
01 Aug 2023
Transactions value $
$551,201
Form type
4
Filing time
03 Aug 2023, 16:36:57 UTC
Previous filing
28 Jun 2023
Next filing
10 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GMS Common Stock Options Exercise $0 +2,489 +11% $0 25,250 01 Aug 2023 Direct F1, F2
transaction GMS Common Stock Tax liability -$54,828 -733 -2.9% $74.8 24,517 01 Aug 2023 Direct
transaction GMS Common Stock Options Exercise $0 +1,187 +4.8% $0 25,704 01 Aug 2023 Direct F1
transaction GMS Common Stock Tax liability -$26,180 -350 -1.4% $74.8 25,354 01 Aug 2023 Direct
transaction GMS Common Stock Options Exercise $0 +1,858 +7.3% $0 27,212 01 Aug 2023 Direct F1
transaction GMS Common Stock Tax liability -$40,915 -547 -2% $74.8 26,665 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 -2,489 -100% $0* 0 01 Aug 2023 Common Stock 2,489 $0 Direct F1, F3
transaction GMS Restricted Stock Units Options Exercise $0 -1,187 -50% $0 1,187 01 Aug 2023 Common Stock 1,187 $0 Direct F1, F4
transaction GMS Restricted Stock Units Options Exercise $0 -1,858 -33% $0 3,716 01 Aug 2023 Common Stock 1,858 $0 Direct F1, F5
transaction GMS Restricted Stock Units Award $0 +4,011 $0 4,011 01 Aug 2023 Common Stock 4,011 $0 Direct F6, F7
transaction GMS Stock Option (Right to Buy) Award $673,125 +8,999 $74.8 8,999 01 Aug 2023 Common Stock 8,999 $74.8 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 to shares of common stock on a one-for-one basis.
F2 Includes 490 shares acquired by the Reporting Person on June 30, 2023 and 334 shares acquired by the Reporting Person on December 31, 2022 pursuant to the GMS Inc. Employee Stock Purchase Plan.
F3 On August 1, 2020, the reporting person was granted 7,469 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 3,561 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 5,574 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.