0001073429-21-000069.txt : 20210303 0001073429-21-000069.hdr.sgml : 20210303 20210303185101 ACCESSION NUMBER: 0001073429-21-000069 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210301 FILED AS OF DATE: 20210303 DATE AS OF CHANGE: 20210303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Peabody Mark Baker CENTRAL INDEX KEY: 0001553058 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34530 FILM NUMBER: 21711388 MAIL ADDRESS: STREET 1: 331 N. MAIN STREET CITY: EULESS STATE: TX 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_161481544031074.xml FORM 4 X0306 4 2021-03-01 0 0001073429 U.S. CONCRETE, INC. USCR 0001553058 Peabody Mark Baker C/O US CONCRETE, INC. 331 N. MAIN ST. EULESS TX 76039 0 1 0 0 VP - Human Resources Common stock 2021-03-01 4 M 0 1400 0 A 32821 D Common stock 2021-03-01 4 M 0 2480 0 A 35301 D Common stock 2021-03-01 4 F 0 1150 55.15 D 34151 D Common stock 2021-03-01 4 D 0 1680 0 D 32471 D Restricted stock units 2021-03-01 4 M 0 1400 0 D Common stock 1400.0 4200 D Restricted stock units 2021-03-01 4 M 0 2480 0 D Common stock 2480.0 9920 D Restricted stock units 2021-03-01 4 A 0 10000 0 A Common stock 10000.0 10000 D 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 3, 5 or 7 (as applicable), two shares of common stock in the aggregate. The Restricted Stock Units were granted on March 1, 2019 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 5/16/2019 and the remaining half of which vested on 10/14/2019. The vesting reported herein represents the second of three Time-Based awards that vest over three years in equal, annual installments from the date of grant. The Performance-Based portion of the March 1, 2019 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 volume weighted average share price (VWAP) of the Company's stock over any period of 20 consecutive trading days attains (i) $54.10 per share (resulting in the vesting into an additional 1,400 shares) and (ii) $58.60 per share (resulting in the vesting into a further additional 1,400 shares) within the three-year period from the date of grant. 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 1/14/2021 and the remaining half of which vested on 1/27/2021. The vesting reported herein represents the first of three Time-Based awards that vest over three years in equal, annual installments from the date of grant. 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 of the Company's stock over any period of 20 consecutive trading days attains (i) $51.00 per share (resulting in the vesting into an additional 2,480 shares) and (ii) $55.21 per share (resulting in the vesting into a further additional 2,480 shares) within the three-year period from the date of grant. The Restricted Stock Units were granted on March 1, 2021 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 shall vest on the day that the average of the daily VWAP of the Company's stock over any period of 20 consecutive trading days attains $58.69 per share within the three-year period beginning on the date of grant, and the remaining half of which shall vest on the day that the average of the daily VWAP of the Company's stock over any period of 20 consecutive trading days attains $63.82 per share within the three-year period beginning on the date of grant. The Performance-Based portion of the March 1, 2021 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 of the Company's stock over any period of 20 consecutive trading days attains (i) $69.23 per share (resulting in the vesting into an additional 2,000 shares) and (ii) $74.95 per share (resulting in the vesting into a further additional 2,000 shares) within the three-year period from the date of grant. /s/ CiCi Sepehri, as Attorney-in-Fact for Mark Baker Peabody 2021-03-03