Builders FirstSource, Inc. Files Definitive Proxy Statement

Ticker: BLDR · Form: DEF 14A · Filed: Apr 25, 2024 · CIK: 1316835

Builders Firstsource, Inc. DEF 14A Filing Summary
FieldDetail
CompanyBuilders Firstsource, Inc. (BLDR)
Form TypeDEF 14A
Filed DateApr 25, 2024
Risk Level
Pages16
Reading Time19 min
Key Dollar Amounts$175 million, $200 million, $1 billion, $540 million, $1.8 billion
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Executive Compensation, Stock Awards, Fair Value, Builders FirstSource

TL;DR

<b>Builders FirstSource, Inc. has filed its Definitive Proxy Statement detailing executive compensation and stock awards for recent fiscal years.</b>

AI Summary

Builders FirstSource, Inc. (BLDR) filed a Proxy Statement (DEF 14A) with the SEC on April 25, 2024. Builders FirstSource, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 25, 2024. The filing pertains to the fiscal year ending December 31, 2023. Key executive compensation data related to stock awards granted and their fair values for 2020, 2021, and 2022 is detailed. Information includes grant date fair values and changes in fair value of stock awards for PEO and Non-PEO members. Specific individuals mentioned in relation to stock awards include Dave Rush, Dave Flitman, and Chad Crow.

Why It Matters

For investors and stakeholders tracking Builders FirstSource, Inc., this filing contains several important signals. This filing provides transparency into the executive compensation structure, specifically focusing on stock awards and their valuation, which is crucial for shareholder understanding and voting. The detailed breakdown of stock award fair values and changes over multiple years allows investors to assess the long-term incentive alignment and potential value realization for key executives.

Risk Assessment

Risk Level: — Builders FirstSource, Inc. shows moderate risk based on this filing. The filing is a routine DEF 14A, indicating standard disclosure practices rather than immediate company-specific events.

Analyst Insight

Review the executive compensation details, particularly stock award valuations and changes, to understand potential future dilution and executive incentives.

Executive Compensation

NameTitleTotal Compensation
Dave RushMember
Dave FlitmanMember
Chad CrowMember

Key Numbers

  • 2024-04-25 — Filing Date (Date the DEF 14A was filed)
  • 2023-12-31 — Fiscal Year End (The reported fiscal year end)
  • 2020-01-01 to 2023-12-31 — Reporting Period for Stock Awards (Range of years for which stock award data is presented)

Key Players & Entities

  • Builders FirstSource, Inc. (company) — Filer of the DEF 14A
  • Dave Rush (person) — Mentioned in relation to stock awards
  • Dave Flitman (person) — Mentioned in relation to stock awards
  • Chad Crow (person) — Mentioned in relation to stock awards
  • DEF 14A (document) — Form type filed

FAQ

When did Builders FirstSource, Inc. file this DEF 14A?

Builders FirstSource, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 25, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Builders FirstSource, Inc. (BLDR).

Where can I read the original DEF 14A filing from Builders FirstSource, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Builders FirstSource, Inc..

What are the key takeaways from Builders FirstSource, Inc.'s DEF 14A?

Builders FirstSource, Inc. filed this DEF 14A on April 25, 2024. Key takeaways: Builders FirstSource, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 25, 2024.. The filing pertains to the fiscal year ending December 31, 2023.. Key executive compensation data related to stock awards granted and their fair values for 2020, 2021, and 2022 is detailed..

Is Builders FirstSource, Inc. a risky investment based on this filing?

Based on this DEF 14A, Builders FirstSource, Inc. presents a moderate-risk profile. The filing is a routine DEF 14A, indicating standard disclosure practices rather than immediate company-specific events.

What should investors do after reading Builders FirstSource, Inc.'s DEF 14A?

Review the executive compensation details, particularly stock award valuations and changes, to understand potential future dilution and executive incentives. The overall sentiment from this filing is neutral.

Key Dates

  • 2024-04-25: DEF 14A Filing — Public disclosure of proxy information and executive compensation details.

Glossary

DEF 14A
Definitive Proxy Statement (Filed by companies to solicit proxies from shareholders for annual or special meetings.)
Grant Date Fair Value
The estimated fair value of stock awards on the date they are granted. (Key metric for understanding the initial value of executive equity compensation.)
PEO Member
Likely refers to a member of the "Principal Executive Officer" group. (Helps categorize executive compensation for different levels of leadership.)

Filing Stats: 4,706 words · 19 min read · ~16 pages · Grade level 13.3 · Accepted 2024-04-24 18:01:29

Key Financial Figures

  • $175 million — oss the business as demonstrated by our $175 million in productivity savings in 2023. This y
  • $200 million — igital solutions and meet our target of $200 million of incremental digital revenue by the e
  • $1 billion — digital revenue by the end of 2024 and $1 billion by 2026 as we grow wallet share and win
  • $540 million — h aggregate 2022 sales of approximately $540 million to expand our footprint into high-growt
  • $1.8 billion — tunistic share buybacks. We repurchased $1.8 billion of shares in 2023 and have repurchased

Filing Documents

Executive Compensation and Other

Executive Compensation and Other Information 28 Outstanding Stock 2 Compensation Discussion and Analysis 28 Internet Availability of Proxy Materials 2 Compensation Committee Report 41 Voting Matters and Board Recommendations 2 Summary Compensation Table 42 2023 Grants of Plan-Based Awards 43 Questions and Answers about the Meeting and Voting 3 Employment Agreements 44 2023 Outstanding Equity Awards at Year-End 45 2023 Option Exercises and Stock Vested 47 Potential Payments Upon Termination or Change in Control 47 Proposal 1 — Election of Directors 7 Class I — Directors with Terms Expiring in 2024 8 Summary of Termination Payments and Benefits 48 Chief Executive Officer Pay Ratio Disclosure 49 Continuing Directors 10 Pay Versus Performance 50 Proposal 2 — Advisory Vote on Executive Compensation 54 Class II — Directors with Terms Expiring in 2025 10 Class III — Directors with Terms Expiring in 2026 11 Director Compensation 13 Compensation Committee Interlocks and Insider Participation 55 Compensation of Directors 13 Director Compensation Program 14 Certain Relationships and Related Party Transactions 56 Information Regarding the Board and its Committees 15 Board Purpose and Structure 15 Securities Owned by Directors, Executive Officers, and Certain Beneficial Owners 57 Board Diversity and Skills Composition 15 Director Independence 16 Board Meetings and Attendance 16 Board Leadership Structure and Role in Risk Oversight 17 Equity Compensation Plan Information 59 Audit Committee 18 Proposal 3 — Ratification of Selection of Independent Registered Public Accounting Firm 60 Compensation Committee 18 Nominating and Corporate Governance Committee 19 Report of the Audit Committee 20 Fees Paid to PricewaterhouseCoopers LLP 60 Corporate Governance 22 Stockholder Proposals 62 Code of Business Conduc

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