Jay Sharp - Mar 10, 2025 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Signature
/s/ Jeremiah G. Garvey, Attorney-in-Fact for Jay A. Sharp
Stock symbol
LMB
Transactions as of
Mar 10, 2025
Transactions value $
-$637,648
Form type
4
Date filed
3/12/2025, 05:13 PM
Previous filing
Jan 3, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Award $0 +20.7K +34.28% $0.00 81.1K Mar 10, 2025 Direct F1, F2
transaction LMB Common Stock Tax liability -$638K -9.25K -11.4% $68.92 71.9K Mar 10, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 20,710 shares of Limbach Holdings, Inc. (the "Company") common stock issued to the reporting person on March 10, 2025 upon vesting of 13,807 performance-based restricted stock units, based on the achievement of certain pre-established performance goals at above-target levels for the performance period commencing on January 1, 2022 through December 31, 2024. Such transaction was exempt from Section 16(b) pursuant to Rule 16b-3.
F2 The amount of common stock also contains awards of restricted stock units (each, an "RSU") granted on January 4, 2023 and January 17, 2023. Each RSU represents a contingent right to receive one share of the Company's common stock, exempt under Rule 16b-3(d)(1) and (3). Each award is subject to service-based vesting conditions. The awards vest, in the aggregate, in the amount of 3,194 shares on January 1, 2026. The amount of common stock does not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievements of the applicable performance goals. Any such performance-based RSU's will be reported on a Form 4 within two business days of the date of such determination.
F3 Reflects the withholding of 9,252 shares by the Company to satisfy tax withholding requirements. Such transaction was exempt from Section 16(b) pursuant to Rule 16b-3.