Form 4: Halloran's Beneficial Ownership Changes at Commercial Metals
SEC Form 4
Brian N. Halloran reports changes in beneficial ownership of Commercial Metals Co stock due to RSU vesting and performance share settlements.
Summary
- Brian N. Halloran, SVP of North America Steel Group at Commercial Metals Co, filed a Form 4.
- On October 14, 2025, 450 shares were withheld to cover tax obligations from vested restricted stock units at a price of $59.1.
- Also on October 14, 2025, 4,629 performance shares granted on October 10, 2022, were settled.
- An additional 1,498 shares were withheld to cover tax obligations related to the performance share settlement at a price of $59.1.
- Halloran was granted 8,398 restricted stock units vesting in three equal installments beginning October 14, 2026.
- Following these transactions, Halloran directly owns 64,287 shares of Commercial Metals Co.
Sentiment
Score: 5
Explanation: Neutral. The filing reflects routine transactions related to executive compensation.
Positives
- Grant of 8,398 restricted stock units indicates continued investment in Halloran's role within the company.
- Settlement of 4,629 performance shares suggests achievement of performance metrics.
Negatives
- Withholding of shares to cover tax obligations reduces the net increase in Halloran's holdings.
Future Outlook
The reporting person was granted an award of restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive compensation and ownership.
- Employees: Demonstrates the company's compensation practices.
Key Dates
| Date | Description |
|---|---|
| 2022-10-10 | Date of performance shares grant. |
| 2024-10-14 | Date of restricted stock units grant related to tax withholding. |
| 2025-10-14 | Date of transactions: tax withholding, performance share settlement, and new RSU grant. |
| 2026-10-14 | First vesting date of new restricted stock units. |
Recommendation
holdThe transactions reported are routine and related to executive compensation. There is no information to suggest a change in the company's fundamentals or outlook.
Keywords
Form 4, Beneficial Ownership, Commercial Metals Co, CMC, Halloran, Restricted Stock Units, Performance Shares, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.