SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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^*

Francis Timothy P

(Last)

(First)

(Middle)

VALMONT INDUSTRIES, INC.

15000 VALMONT PLAZA

(Street)

OMAHA

68154-5215

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/10/2023

3. Issuer Name and Ticker or Trading Symbol
VALMONT INDUSTRIES INC [ VMI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Interim CFO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,701⁽¹⁾	D
Common Stock	106	I	By 401K

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-Qualified Stock Option (right to buy)	12/17/2023⁽²⁾	12/17/2025	Common Stock	4,000	$112.08	D
Non-Qualified Stock Option (right to buy)	12/17/2023⁽³⁾	12/17/2025	Common Stock	945	$112.08	D
Non-Qualified Stock Option (right to buy)	12/14/2021⁽⁴⁾	12/14/2030	Common Stock	1,967	$168.8	D
Non-Qualified Stock Option (right to buy)	12/13/2022⁽⁵⁾	12/13/2031	Common Stock	1,391	$252.89	D
Non-Qualified Stock Option (right to buy)	12/12/2023⁽⁶⁾	12/12/2032	Common Stock	1,087	$332.63	D

Explanation of Responses:

1. Includes 177 restricted stock unit award vesting on December 14, 2023; 250 restricted stock unit award vesting in two equal installments on December 13, 2023 and December 13, 2024; 296 restricted stock unit award vesting in three equal annual installments commencing December 12, 2023; and 980 restricted stock unit award vesting on April 26, 2025.

2. Options vest on December 17, 2023.

3. Options vested on December 17, 2021.

4. Options vested and vest in three equal annual instalments commencing on December 14, 2021.

5. Options vested and vest in three equal annual installments commencing on December 13, 2022.

6. Options commence vesting in three equal annual installments on December 12, 2023.

	/s/ R. Andrew Massey for Timothy P. Francis	07/14/2023
	** 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 5 (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.
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