Beacon: Jonathan S. Bennett At Beacon Roofing Supply Executes Options Exercise, Realizing $662K

Disclosed in a recent SEC filing on April 9, Bennett, President at Beacon Roofing Supply (NASDAQ:BECN), made a noteworthy transaction involving the exercise of company stock options.What Happened: Bennett, President at Beacon Roofing Supply, exercised stock options for 11,220 shares of BECN stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The exercise price of the options was $64.47 per share.The Thursday morning market activity shows Beacon Roofing Supply shares up by 0.41%, trading at $123.5. This implies a total value of $662,352 for Bennett's 11,220 shares.Unveiling the Story Behind Beacon Roofing SupplyBeacon Roofing Supply Inc. manufactures and sells roofing and building materials throughout the United States and Canada. Its key customers include contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products, and the vast majority of Beacon's revenue comes from the United States.Beacon Roofing Supply's Financial PerformancePositive Revenue Trend: Examining Beacon Roofing Supply's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.53% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. As compared to ...Full story available on Benzinga.com