Form 4: Eagle Materials CEO Michael Haack Reports Tax Withholding Share Transaction
SEC Form 4 Filing
CEO Michael Haack reports the withholding of 11,036 shares by Eagle Materials to cover income tax obligations related to the vesting of restricted stock.
Summary
- On March 31, 2024, Eagle Materials withheld 11,036 shares of common stock from CEO Michael Haack to satisfy income tax withholding requirements.
- The withholding was related to the lapsing of restrictions on previously awarded restricted stock.
- The price per share for the transaction was $271.75, based on the closing price on the previous trading day.
- Following the transaction, Haack directly owns 83,193 shares of Eagle Materials common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a routine tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of the transaction where shares were withheld for tax purposes. |
| 04/02/2024 | Date of the Form 4 filing. |
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