0001073429-21-000043.txt : 20210129
0001073429-21-000043.hdr.sgml : 20210129
20210129183708
ACCESSION NUMBER: 0001073429-21-000043
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210127
FILED AS OF DATE: 20210129
DATE AS OF CHANGE: 20210129
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BURTON HERBERT A.
CENTRAL INDEX KEY: 0001702600
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34530
FILM NUMBER: 21573391
MAIL ADDRESS:
STREET 1: C/O U.S. CONCRETE, INC.
STREET 2: 331 N. MAIN ST.
CITY: EULESS
STATE: X1
ZIP: 76039
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: U.S. CONCRETE, INC.
CENTRAL INDEX KEY: 0001073429
STANDARD INDUSTRIAL CLASSIFICATION: CONCRETE PRODUCTS, EXCEPT BLOCK & BRICK [3272]
IRS NUMBER: 760586680
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 331 N. MAIN STREET
CITY: EULESS
STATE: TX
ZIP: 76039
BUSINESS PHONE: 817-835-4105
MAIL ADDRESS:
STREET 1: 331 N. MAIN STREET
CITY: EULESS
STATE: TX
ZIP: 76039
FORMER COMPANY:
FORMER CONFORMED NAME: US CONCRETE INC
DATE OF NAME CHANGE: 19990323
FORMER COMPANY:
FORMER CONFORMED NAME: RMX INDUSTRIES INC
DATE OF NAME CHANGE: 19981113
4
1
wf-form4_161196341418496.xml
FORM 4
X0306
4
2021-01-27
0
0001073429
U.S. CONCRETE, INC.
USCR
0001702600
BURTON HERBERT A.
C/O U.S. CONCRETE, INC.
331 N. MAIN ST.
EULESS
TX
76039
0
1
0
0
Regional VP & GM - West
Common stock
2021-01-27
4
M
0
2080
0
A
8961
D
Common stock
2021-01-27
4
F
0
715
42.40
D
8246
D
Restricted stock unit
2021-01-27
4
M
0
2080
0
D
Common stock
2080.0
10400
D
The March 1, 2020 stock award's second performance-based target of a 20-day consecutive trading day threshold of $47.01 per share was achieved.
Each Restricted Stock Unit was granted from the U.S. Concrete, Inc. Long Term Incentive Plan and represents the right to receive one share of common stock upon vesting, or, as set forth in footnote 4, two shares of common stock in the aggregate.
The Restricted Stock Units were granted on March 1, 2020 and will vest as follows: (i) 60% of the total number of the awarded shares are Time-Based and will become vested over three years in equal annual installments from the date of grant, and (ii) the remaining 40% of the awarded shares are Performance-Based, half (or 50%) of which vested on January 14, 2021 when the average of the daily VWAP of the Company's stock over a period of 20 consecutive trading days attained $43.23 per share, and the remaining half of which vested on January 27, 2021 when the average of the daily VWAP of the Company's stock over a period of 20 consecutive trading days attained $47.01 per share.
The Performance-Based portion of the March 1, 2020 Restricted Stock Units would result in vesting into additional shares (effectively making each Performance-Based RSU represent two shares) if the average of the daily VWAP over any period of 20 consecutive trading days attains (i) $51.00 per share (resulting in the vesting into an additional 2,080 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 2,080 shares) within the three-year period from the date of grant.
The Restricted Stock Units are reported as still existing after vesting because they could, as set forth in footnote 4 above, result in vesting into additional shares.
/s/ CiCi S. Sepehri, as Attorney-in-Fact for Herbert A. Burton
2021-01-29