Form 4: Eagle Materials CEO Accrues Dividend Equivalent RSUs

Eagle Materials Inc. President and CEO Michael Haack acquired additional Restricted Stock Units through dividend equivalents, as disclosed in a recent SEC Form 4 filing.

Summary

• Michael Haack, President and CEO of Eagle Materials Inc., acquired 8.3287 dividend equivalent Restricted Stock Units (DEUs) on October 16, 2025.
• These DEUs are related to an underlying RSU award previously disclosed in a Form 4 filed on May 29, 2024.
• An additional 11.0522 DEUs were acquired on October 16, 2025, linked to an RSU award disclosed in a Form 4 filed on May 27, 2025.
• The DEUs represent accrued dividends in connection with a cash dividend paid by Eagle Materials Inc. on its Common Stock.
• Following these transactions, Michael Haack beneficially owns 7,953.2873 direct Restricted Stock Units related to the first award and 10,553.9867 direct Restricted Stock Units related to the second award.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned executive compensation event (accrual of dividend equivalent RSUs) which is neutral in terms of immediate positive or negative impact on the company's outlook or stock price.

Positives

• The accrual of dividend equivalent Restricted Stock Units increases Michael Haack's equity stake in Eagle Materials Inc., further aligning his interests with those of shareholders.
• The transaction is part of a pre-arranged Rule 10b5-1 plan, indicating a structured and routine compensation event.

Future Outlook

NA

Industry Context

This filing pertains to an individual executive's compensation and does not provide information directly related to broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction increases the CEO's equity ownership, which generally aligns management's interests with those of shareholders.

Key Dates

Recommendation

This Form 4 reports a routine accrual of dividend equivalent Restricted Stock Units as part of executive compensation, which does not provide new information to alter an investment thesis for Eagle Materials Inc. It reflects standard compensation practices and aligns management interests with shareholders through increased equity ownership, but does not warrant a change in investment recommendation based solely on this filing.

Keywords

Eagle Materials, EXP, Michael Haack, Form 4, Restricted Stock Units, RSU, Dividend Equivalents, DEU, Insider Transaction, Executive Compensation, Beneficial Ownership, Corporate Governance