Form 4: Eagle Materials Director Accrues Dividend Equivalent Units
Insider Transaction Report
Eagle Materials Director Michael R. Nicolais reported the accrual of 4.1856 dividend equivalent Restricted Stock Units.
Summary
- Michael R. Nicolais, a Director of Eagle Materials Inc. (EXP), reported a change in beneficial ownership.
- The transaction involved the acquisition of 4.1856 Restricted Stock Units (RSUs) on January 12, 2026.
- These RSUs represent dividend equivalent units (DEUs) accrued in connection with a cash dividend paid by Eagle Materials on its Common Stock.
- Following this transaction, Nicolais beneficially owns 3,990.6609 derivative securities (RSUs) directly.
- The underlying RSU awards to which these DEUs relate were previously disclosed in Form 4s filed on July 28, 2004; August 9, 2005; and July 31, 2006.
Sentiment
Score: 5
Explanation: Neutral. This is a routine, non-material insider transaction reporting the accrual of dividend equivalent units, which is a standard compensation mechanism for directors and does not indicate a change in company performance or outlook.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
This filing reports a routine insider transaction related to director compensation and does not provide information relevant to broader industry trends or competitive analysis.
Related Party Transactions
- The transaction involves the accrual of dividend equivalent units for a director, which is a standard form of related party compensation.
Stakeholder Impact
- The impact on shareholders, employees, customers, suppliers, and creditors is minimal as this is a routine, non-material transaction related to director compensation.
Key Dates
| Date | Description |
|---|---|
| 07/28/2004 | Date of a previous Form 4 filing disclosing underlying RSU awards. |
| 08/09/2005 | Date of a previous Form 4 filing disclosing underlying RSU awards. |
| 07/31/2006 | Date of a previous Form 4 filing disclosing underlying RSU awards. |
| 01/12/2026 | Date of accrual for 4.1856 Dividend Equivalent Restricted Stock Units (DEUs). |
| 01/14/2026 | Date the Form 4 was signed by the Attorney-in-Fact for Michael R. Nicolais. |
Recommendation
holdThis Form 4 reports a routine, non-material accrual of dividend equivalent units for a director. It does not provide any new information that would warrant a change in investment recommendation. The transaction is part of standard director compensation and does not reflect a significant change in insider sentiment or company fundamentals.
Keywords
Eagle Materials, EXP, Form 4, SEC Filing, Insider Transaction, Director, Restricted Stock Units, Dividend Equivalent Units, Beneficial Ownership
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