Builders Firstsource Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   Election of six directors (Paul S. Levy, Cheryl Ainoa, Cory J. Boydston, James O'Leary, Maria Renz, and Craig Steinke) to serve until the 2027 annual meeting.

2. 2

   Advisory vote on the compensation of the named executive officers

   ManagementBoard: FOR

   Non-binding, advisory vote to approve the 2025 compensation paid to the company’s named executive officers as disclosed in the proxy statement (a 'say-on-pay' vote).

   More detail

   This management proposal asks stockholders to cast a non-binding advisory vote to approve the Company’s disclosed 2025 executive compensation (a typical 'say-on-pay' vote). Management seeks this affirmation to gauge investor support for the Compensation Committee’s 2025 pay decisions, which combined base salary, an annual incentive plan tied to Adjusted EBITDA, working capital, safety and training metrics, and long-term equity awards split between time-vested RSUs and performance-based PSUs tied to multi-year ROIC with a TSR modifier. The Board notes strong prior support for pay practices (nearly 93% approval in 2025) and indicates the advisory vote will inform future compensation design. Key governance features highlighted in the filing include pay-for-performance emphasis, clawback provisions, double-trigger change-in-control vesting, and no tax gross-ups. The proposal is advisory only and will not retroactively change amounts already paid, but management commits to consider the vote outcome in future program design. From a shareholder perspective, the core issues are whether the chosen metrics (Adjusted EBITDA, working capital, safety, ROIC and TSR modifier) appropriately align management incentives with long-term owner value, and whether the balance between cash and equity, and between time-vested and performance-vested awards, provides appropriate retention and performance incentives. The Compensation Committee justifies its design by referencing market benchmarking, retention needs, and a desire to align with long-term capital efficiency (ROIC) while guarding against short-termism via multi-year performance periods and TSR modifiers. Investors will weigh the company’s historical pay outcomes, recent financial performance (notably Adjusted EBITDA and stock price movements), and the demonstrated link (or lack thereof) between pay and realized shareholder returns when voting. Given the program’s mix of short- and long-term metrics and explicit governance protections, the Board recommends a vote FOR, but shareholders should evaluate the program’s calibration in light of recent performance and realized payouts.

3. 3

   Ratification of PricewaterhouseCoopers LLP as our independent registered public accounting firm

   ManagementBoard: FOR

   Ratify the Audit Committee’s selection of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for fiscal 2026.

4. 4

   Approval of the Builders FirstSource, Inc. 2026 Equity Incentive Plan

   ManagementBoard: FOR

   Approve the Builders FirstSource, Inc. 2026 Equity Incentive Plan, which would replace the Prior Plan and reserve 3,550,000 shares for future equity awards (subject to offset for awards granted under the Prior Plan after March 1, 2026), to continue granting equity incentives to employees, officers and non-employee directors.

   More detail

   This management proposal requests shareholder approval of a new 2026 Equity Incentive Plan to succeed the 2014 Plan and to reserve 3,550,000 shares (net of certain offsets) for future equity grants to employees, officers and non-employee directors. Management frames the request as necessary to continue granting competitive equity-based awards to attract, retain and motivate talent and to align employee interests with long-term shareholder value. The filing emphasizes governance-oriented design choices: no discounted options or SARs; prohibition on repricing and cash buyouts without shareholder approval; minimum one-year vesting (with limited exceptions); limited recycle of shares withheld for taxes or option exercises; no current dividends or dividend equivalents on unearned awards; no single-trigger change-in-control payouts if awards are assumed; clawback provisions; and no tax gross-ups. The Board explains its reserve sizing process (3,550,000 shares ≈ 3.2% of outstanding shares as of March 1, 2026), references historical burn rates, and projects that the reserve is expected to satisfy equity grant needs for approximately three to four years under plausible scenarios. For governance-sensitive investors, the plan includes standard protections to limit dilution and preserve shareholder oversight of material amendments (including repricing). From an analytical perspective, key points for evaluation are the sufficiency of the share reserve relative to expected hiring/promotions and M&A, the mix of award types management expects to grant (time-vested RSUs vs. performance-based awards), the alignment of performance metrics and vesting schedules with long-term shareholder value creation, and the anti-dilution and anti-repricing protections. The Compensation Committee recommends approval, noting the plan’s mix of retention utility and governance features; shareholders should assess projected dilution, historical burn rate, and whether the plan’s mechanics and performance-vesting structures adequately link pay to long-term returns.

5. 5

   Approval of the Builders FirstSource, Inc. Employee Stock Purchase Plan

   ManagementBoard: FOR

   Approve an Employee Stock Purchase Plan reserving 2,500,000 shares (≈2.3% of outstanding) to allow eligible employees to purchase company stock via payroll deductions under a Section 423 qualified component and a non-423 component for non-U.S. jurisdictions.

   More detail

   This management proposal seeks shareholder approval of an Employee Stock Purchase Plan that authorizes up to 2,500,000 shares (≈2.3% of outstanding shares as of March 1, 2026) to be purchased by eligible employees via payroll deductions. The ESPP is structured with a Section 423-qualified component for U.S. participants and a non-423 component for non-U.S. jurisdictions, enabling broad global participation while maintaining U.S. tax-qualified features where possible. The plan contemplates offering periods (by default six-month cycles), payroll deduction limits up to 25% of compensation, a purchase price generally no less than 85% of the lower of the Offering Date or Exercise Date fair market value, and administrative flexibility to adapt to local law and operational needs. Management projects the share reserve will cover anticipated participation for approximately six years under expected participation rates and reviewed dilution when setting the pool size. Key considerations for shareholders include the discount level (up to 15%), the size and expected burn rate versus long-term dilution, eligibility filters (service duration and hours worked), and protections around corporate transactions and plan amendments. From a talent and retention standpoint, ESPPs are generally seen as low-cost, broad-based alignment tools that promote employee share ownership; from a capital markets perspective, investors will balance the modest dilution against potential benefits in employee engagement and retention. The Board recommends a vote FOR approval on the basis that the ESPP supports employee ownership and has guardrails to manage dilution and compliance.

Upcoming shareholder meetings at Builders Firstsource Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.

When is the Builders Firstsource Inc 2026 annual meeting?

Builders Firstsource Inc (BLDR) holds its 2026 annual shareholder meeting on Thursday, May 14, 2026.

What is the record date for the Builders Firstsource Inc 2026 meeting?

The record date for the Builders Firstsource Inc 2026 meeting is Monday, March 16, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Builders Firstsource Inc's 2026 meeting?

The board is presenting 6 director nominees at the Builders Firstsource Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Builders Firstsource Inc 2026 meeting?

Shareholders will vote on 5 proposals at the Builders Firstsource Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.