U S Concrete (USCR) executive Pruitt returned to the company 68,871 shares at $74.00

Insider transactions reported

Ronnie A Pruitt (executive at U S Concrete, Inc., USCR) reported that they returned to the company 68,871 shares at $74.00 on Aug 26, 2021. After these transactions the filing shows 0 shares held directly.

Reporting person

Pruitt Ronnie A

Options and other derivatives

Holdings before and after

• Common stock: 68,871 to 0 direct
• Restricted stock units: 17,640 to 0 direct

Footnotes from the filing

1. 1. Pursuant to the terms of the Agreement and Plan of Merger, dated as of June 6, 2021, by and among U.S. Concrete, Inc. (the Issuer ), Vulcan Materials Company, and Grizzly Merger Sub I, Inc. (the Merger Agreement ), on August 26, 2021, each share of the Issuer's common stock ( Common Stock ) issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) and not otherwise excluded pursuant to the terms of the Merger Agreement, was converted into the right to receive $74.00 per share in cash (the Merger Consideration ), without interest, subject to any required withholding taxes described in the Merger Agreement.
2. 2. 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.
3. 3. These Restricted Stock Units were granted on March 1, 2020 with time-based vesting and were scheduled to vest in equal installments on March 1, 2022 and March 1, 2023.
4. 4. At the Effective Time, pursuant to the Merger Agreement, each Restricted Stock Unit in respect of the Issuer's Common Stock ( Company RSUs ) that was outstanding as of and immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the total number of Issuer Common Stock subject to such Company RSUs and (ii) the Merger Consideration, subject to applicable withholding taxes.
5. 5. These Restricted Stock Units were granted on March 1, 2019 with time-based vesting and were scheduled to vest on March 1, 2022.
6. 6. These Restricted Stock Units were granted on March 1, 2021 and were to vest as follows: (i) 75% were time-based with vesting to have occurred in equal installments on March 1, 2022, March 1, 2023 and March 1, 2024, and (ii) the remaining 25% were performance-based with vesting to have occurred once the average of the daily VWAP of the Issuer's stock over any period of 20 consecutive trading days attained $74.95 per share within the three year period from the date of grant.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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